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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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The Japanese clothing chain Mac House has purchased 17.51 Bitcoins for the first time.
PANews, August 21 - According to NLNico, Japanese company Mac House today purchased 17.51 Bitcoins as part of a "Proof of Concept" (PoC). The total amount of this transaction is 300 million yen, with an average purchase price of 17,135,500 yen per Bitcoin, funded by the company’s surplus funds (within 10% of cash and deposits). The company stated that it will consider the comprehensive development of a Crypto Assets holding and management system based on the PoC results and explore further business expansion. Previously, the company announced its Bitcoin reserve strategy goal of 1,000 Bitcoins. According to previous reports, the Japanese clothing chain brand Mac House plans to invest 1.7 billion yen to purchase Bitcoin, starting on September 17.