The Japanese apparel company, Mac House, which is publicly traded on the Tokyo Stock Exchange under Gyet Co., Ltd. (7603.T), has increased its Bitcoin investments. As per a filing dated September 26, the firm acquired an additional 18.17 BTC, bringing its total to 106.65 BTC. This acquisition follows a pattern of consistent purchases throughout August and September after shareholders approved cryptocurrency as part of their treasury management strategy earlier this month. With this latest purchase on Friday, Mac House’s investment in Bitcoin now totals approximately ¥1.8 billion ($12M), with an average cost of ¥16.88M per coin.
JUST IN: Japanese publicly traded clothing company Mac House (7603.T) buys 18.17 additional #Bitcoin and now holds a total of 106.65 BTC.
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Acquisition Timeline and Strategy
The filing reveals that Mac House has been gradually building its Bitcoin portfolio through several transactions:
August 21: 17.51 BTC purchased
September 22: 23.18 BTC purchased
September &nbs…