Japanese company Mac House has just completed a transaction to purchase 17.51 Bit, valued at 300 million yen, as part of a "proof of concept" test to assess the potential for developing a Cryptoasset management system.
To enhance investment and Cryptoasset management capabilities, Mac House is utilizing approximately 10% of its surplus Capital to conduct this transaction. The test results will determine the company's direction for expanding Cryptoasset-related business.
- Mac House purchased 17.51 Bit worth 300 million yen as a PoC test.
- Budget sourced from surplus fund, maximum 10% of cash and deposits.
- Company plans to develop Cryptoasset management system and expand business.
How did Mac House invest in Bit in the recent period?
Mac House purchased 17.51 Bit with a total value of 300 million yen, averaging 17.1355 million yen per Bit. This is part of a PoC test to evaluate Cryptoasset management effectiveness.
The transaction is funded from the company's surplus fund, representing a maximum of 10% of total cash and bank deposits. This decision reflects caution while promoting Cryptoasset application in financial operations.
The Bit purchase is considered an initial step in Mac House's strategic reserve strategy, having previously announced a goal of storing 1,000 Bit to diversify assets and explore Cryptoasset market opportunities.
What are Mac House's next plans after this PoC test?
The PoC results will guide the development from testing to a large-scale Cryptoasset management and storage system. The company aims to build a comprehensive solution supporting efficient Cryptoasset management.
Additionally, Mac House plans to continue expanding investment activities and Cryptoasset-related services, leveraging technological strengths and market potential to develop new business in the near future.
This is an important step, marking a transformation in our financial strategy and asset management. The PoC test helps accurately assess operational capabilities and potential from Cryptoassets.
– Mac House Leadership Representative, 2024
What does Mac House's Bit purchase mean for the Cryptoasset market?
The Bit purchase by a large-capitalization enterprise like Mac House demonstrates practical business interest in Cryptoasset potential. This also represents preparation for the DeFi trend.
The strategy of using surplus funds to invest in Cryptoassets is an example of balanced risk and profit consideration, contributing to company asset value stability and creating momentum for developing next-generation financial management infrastructure.
What is Mac House's next Bit purchase plan?
According to previous information, Mac House plans to implement additional Bit purchases with an investment of 1.7 billion yen starting from September 17, 2024. This plan aligns with the strategic reserve and development goals related to Cryptoassets.
This move will help Mac House rapidly increase its Bit holdings while consolidating its corporate position in digital finance, continuing to expand the ecosystem of Cryptoasset-related activities.
Frequently Asked Questions
What Capital source did Mac House use to purchase Bit?
Mac House used surplus fund, representing a maximum of 10% of total cash and bank deposits, to minimize financial risks in Cryptoasset investment.
What is PoC in Mac House's Bit transaction?
PoC is a "proof of concept" test to evaluate operational capabilities and development potential of the Bit management system before scaling up.
Does Mac House plan to purchase more Bit?
Yes, the company plans to purchase more with an investment of 1.7 billion yen starting September 17, 2024, to increase Bit reserves.
How does Bit purchase affect Mac House's financial strategy?
This helps diversify assets, increase digital financial management capabilities, and create conditions for expanding Cryptoasset-related business.
How many Bit does Mac House aim to store?
The company previously announced a strategic goal of holding 1,000 Bit in the near future.
