Japanese nail salon operator Convano plans to raise $3 billion to support its bitcoin treasury
2025-08-31 02:04:32
Tokyo Stock Exchange-listed Japanese nail salon operator Convano announced that it will raise about 434 billion yen (about $3 billion) to support its bitcoin treasury reserves. The company aims to buy 21,000 bitcoins, equivalent to 0.1% of the total bitcoin supply, making it one of the largest companies in the world to hold bitcoin. It is reported that Convano plans to continue buying bitcoin in three phases, with a position of 2,000 bitcoins by the end of 2025, 10,000 bitcoins in August 2026, and 21,000 bitcoins in March 2027.
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