Core Insights - Metaplanet has established a wholly-owned US subsidiary, Metaplanet Income Corp., to focus on its Bitcoin Income Generation Business, following a successful international equity offering that raised ¥212.9 billion ($1.44 billion) [1][2] - The Miami-based subsidiary received an initial capital injection of $15 million and will manage derivatives operations, separating these activities from the company's core Bitcoin treasury operations [2] - The company sold 385 million new shares at ¥553 (~$3.75) each, increasing from an initial offering of 180 million shares due to high demand, closing the offering on September 9 [3] - Proceeds from the equity offering are designated for Bitcoin purchases and expanding the income-generation business, which is expected to launch in Q4 2024 and has already shown steady revenue and net income [4] - The launch of the Miami subsidiary is not anticipated to materially impact the company's full-year 2025 results [4]