Japanese clothing chain Mac House plans to purchase approximately 11.77 million dollars worth of Bitcoin and other encryption assets.

According to CoinDesk, Japanese clothing chain Mac House has completed a fund raising through the allotment 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). Of this, up to 1.715 billion yen (about $11.77 million) 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 for "finance, investment, and mergers and acquisitions" on June 12, and revealed that it will invest in encryption assets.