Bitcoin News Today: Convano Raises 2 Billion Yen to Expand Bitcoin Holdings in August

Convano Co., Ltd., a publicly listed Japanese company known for operating nail salons, has announced a new fundraising initiative of 2 billion yen (approximately $13.54 million) to increase its Bitcoin (BTC) holdings in August [1]. The company previously allocated funds to BTC and now aims to further expand its cryptocurrency portfolio as part of a broader strategy to diversify its assets. It plans to hold 21,000 Bitcoins by the end of March 2027, signaling long-term confidence in the digital asset.

This move has generated interest in financial markets, particularly among investors tracking institutional engagement in cryptocurrencies. Convano’s continued investment in BTC reflects a growing trend among Japanese corporations to explore alternative assets, especially in the context of traditional market volatility. As more firms consider Bitcoin as a strategic holding, the company’s approach could indicate a broader shift toward institutional adoption in the region.

The decision aligns with Japan’s evolving regulatory environment and improved market infrastructure, which have supported traditional companies entering the crypto space. While Convano has not disclosed the specific percentage of funds or exact BTC purchase volumes for this round, it underscores the company’s ongoing commitment to Bitcoin as part of its asset management strategy. Observers remain cautious, as macroeconomic shifts and regulatory updates could influence the performance of such a strategy in the coming months.

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[1] Japanese publicly listed company Convano has announced that it will once again raise 2 billion yen to increase its BTC holdings

https://www.moomoo.com/hant/news/flash/20814990/japanese-publicly-listed-company-convano-has-announced-that-it-will