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Japanese clothing retailer Mac House plans to purchase approximately 11.77 million dollars worth of Bitcoin and other encryption assets.
According to ChainCatcher news and reported by CoinDesk, the Japanese clothing chain Mac House has completed fundraising through the issuance of new share subscription rights to a third party, 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 Bitcoin and other encryption assets, significantly increasing from the previously planned 800 million yen. Previously, Mac House announced the launch of a new strategy for "finance, investment, and mergers and acquisitions" on June 12, and revealed that it would invest in encryption assets.