Japanese nail salon operator Convano plans to raise $3 billion to buy 21,000 Bitcoins
4hours ago
According to Odaily Planet Daily, Japanese nail salon operator Convano announced plans to raise approximately 434 billion yen (approximately $3 billion) to support its Bitcoin treasury. The company aims to acquire 21,000 Bitcoins by March 2027, representing approximately 0.1% of the total Bitcoin supply and becoming one of the world's leading Bitcoin holders. Convano will implement its acquisition plan in phases, with an expected holding of 2,000 Bitcoins by the end of 2025, increasing to 10,000 by August 2026, and ultimately completing its target by March 2027. (Bloomberg)
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