Mac House Raises Capital to Invest in Cryptocurrency Through the Distribution of Stock Purchase Rights
On June 19, according to a report from CoinDesk, the Japanese fashion chain Mac House has completed its fundraising round by allocating new stock purchase rights to a third party. The total fundraising value reached 239.1 billion yen, equivalent to about 16.42 million USD, far exceeding the initial plan of only 147.6 billion yen, or 10.13 million USD. This fundraising is an unexpected success due to the higher-than-expected exercise price of the new stock purchase rights.
Investment Shift to Enhance Efficiency in the Cryptocurrency Market
Of the raised capital, 171.5 billion yen, equivalent to 11.77 million USD, will be used to purchase various digital assets such as Bitcoin. This move clearly indicates Mac House's strategic shift towards the cryptocurrency and digital asset sectors. This pivot reflects the company's awareness of the significant profit potential in the cryptocurrency market, especially Bitcoin, with its high profitability capability amid market volatility.
New Strategy and Supplementary Organization in the Cryptocurrency Investment Plan
Earlier, on June 12, Mac House officially announced a new strategy regarding 'finance, investment, and M&A business'. The company also confirmed it will invest in digital assets to expand its investment portfolio. To coordinate this activity, the company established a Digital Asset Operations Team, headquartered to manage digital assets and stock investments while ensuring appropriate risk management.
Other Strategic Changes of Mac House Recently
Mac House's expansion into the cryptocurrency sector is not only a breakthrough in its investment strategy. It also reflects the company's strong adaptability in the rapidly changing global financial market. Moreover, the company has built a solid foundation to seize new opportunities, such as trading Bitcoin or other digital assets, yielding high long-term profits.
Source: https://tintucbitcoin.com/mac-house-dau-tu-12-trieu-usd-vao-crypto/
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