According to PANews, Japanese company Mac House has purchased 17.51 bitcoins as part of a 'Proof of Concept' (PoC) initiative. The total transaction amounted to 300 million yen, with an average purchase price of 17.1355 million yen per bitcoin. The funds for this acquisition were sourced from the company's surplus funds, accounting for less than 10% of its cash and deposits.
The company stated that it will consider developing a comprehensive cryptocurrency holding and management system based on the PoC results and explore further business expansion. Previously, Mac House announced a strategic goal to reserve 1,000 bitcoins.
Earlier reports indicated that the Japanese clothing chain planned to invest 1.7 billion yen in bitcoin purchases starting September 17.
