Japanese apparel chain Mac House plans to purchase approximately $11.8 million in Bitcoin and other crypto assets

Japanese apparel chain Mac House has completed a fundraising round by issuing new stock options to third parties, raising a total of 2.391 billion yen (approximately $16.42 million), surpassing the original target of 1.476 billion yen (about $10.13 million). Of this amount, up to 1.715 billion yen (around $11.8 million) will be allocated to the purchase of Bitcoin and other crypto assets, a significant increase from the previously planned 800 million yen. Earlier, on June 12, Mac House announced the launch of a new strategy focused on “finance, investment, and M&A business,” and revealed plans to invest in crypto assets. (CoinDesk)