According to CoinDesk, Japanese clothing chain Mac House has completed fundraising by issuing new stock reservation rights to third parties, raising a total of 2.391 billion yen (approximately 16.42 million US dollars), exceeding the original plan of 1.476 billion yen (approximately 10.13 million US dollars). The company stated that due to the higher than expected average exercise price of new stock reservation rights, the funds raised exceeded expectations. Among them, up to 1.715 billion yen (approximately 11.77 million US dollars) will be used to purchase encrypted assets such as Bitcoin, a significant increase from the previously planned 800 million yen.
Previously, Mac House announced on June 12th the launch of a new strategy for "finance, investment, and mergers and acquisitions" and revealed that it will invest in cryptocurrency assets. To officially promote investment, the company announced an organizational change on the same day, establishing a new "Digital Asset Operation Group" in the Management Headquarters, responsible for cryptocurrency and stock investment and risk management.
