Japanese clothing chain Mac House purchased about $11.77 million worth of Bitcoin and other crypto assets

Odaily News Japanese clothing chain Mac House has completed fundraising by allocating new share reservation rights to third parties, raising a total of 2.391 billion yen (about 16.42 million U.S. dollars), exceeding the original plan of 1.476 billion yen (about 10.13 million U.S. dollars). Of this, up to 1.715 billion yen (about 11.77 million U.S. dollars) will be used to purchase crypto assets such as Bitcoin, a significant increase from the previously planned 800 million yen. Previously, Mac House announced the launch of a new "financial, investment, and M&A business" strategy on June 12, and revealed that it would invest in crypto assets. (CoinDesk)