TechFlow news, June 19 — According to CoinDesk Japan, Japanese apparel retail chain Mac House announced it has completed a private placement of subscription warrants and plans to allocate up to 17.15 billion yen (approximately $117 million) of the raised funds toward purchasing crypto assets such as bitcoin.
On June 12, Mac House announced the launch of its "Financial, Investment, and M&A Business" as a new growth strategy, including plans to invest in crypto assets. The company has established a new "Digital Asset Operations Team" within its headquarters to specifically manage investments in and risk management of crypto assets such as bitcoin.
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