PANews reported on June 19 that according to CoinDesk, Japanese clothing chain Mac House has completed a fund-raising through the allocation of new stock subscription rights to third parties, with a total amount raised of 2.391 billion yen (approximately $16.42 million), exceeding the original plan of 1.476 billion yen (approximately $10.13 million). The company stated that the funds raised exceeded expectations due to the average exercise price of new stock subscription rights being higher than anticipated. Among these funds, up to 1.715 billion yen (approximately $11.77 million) will be used to purchase crypto assets such as Bitcoin, significantly increasing from the previous plan of 800 million yen.
Previously, Mac House announced the launch of a new strategy for "financial, investment, and merger and acquisition business" on June 12 and revealed plans to invest in crypto assets. To formally advance its investment, the company announced an organizational change on the same day, establishing a new "Digital Asset Operations Group" within the Management Headquarters, responsible for crypto asset and stock investments and risk management.
