Mac House raised 2.391 billion yen, exceeding expectations, and will significantly increase Bitcoin investment to 1.715 billion yen.

On June 19, it was reported that Mac House, a Japanese clothing chain company, has completed fund raising through the allocation of new share reservation rights to third parties, raising a total of 2.391 billion yen (about 16.42 million US dollars), exceeding the original plan of 1.476 billion yen (about 10.13 million US dollars). The company said it raised more funds than expected because the average exercise price of the IPO option was higher than expected. Among them, up to 1.715 billion yen (about 11.77 million US dollars) will be used to buy crypto assets such as bitcoin, a significant increase from the previously planned 800 million yen. Previously, Mac House announced the launch of a new strategy of "finance, investment, and mergers and acquisitions" on June 12, and revealed that it would invest in crypto assets. In order to officially promote the investment, the company announced on the same day that it will make organizational changes and establish a new "Digital Asset Operation Group" in the Management and Management Headquarters to be responsible for crypto asset and stock investment and risk management.