Japanese clothing chain Mac House plans to purchase approximately 11.77 million dollars worth of Bitcoin and other cryptocurrencies

ChainCatcher news, according to CoinDesk, Japanese clothing chain Mac House has completed fundraising through the issuance of new stock subscription rights to third parties, raising a total of 2.391 billion yen (approximately 16.42 million USD), exceeding the original plan of 1.476 billion yen (approximately 10.13 million USD). Of this, up to 1.715 billion yen (approximately 11.77 million USD) will be used to purchase cryptocurrencies such as Bitcoin, a significant increase from the previously planned 800 million yen.

Previously, Mac House announced on June 12 the launch of a new strategy for "finance, investment, and mergers and acquisitions," revealing plans to invest in cryptocurrencies.