Japanese nail salon operator Convano plans to raise $3 billion to support its Bitcoin treasury reserves

ChainCatcher news, according to Bloomberg, Japanese nail salon operator Convano announced it has raised approximately 434 billion yen (about 3 billion USD) to support its Bitcoin treasury reserves. The company's goal is to purchase 21,000 Bitcoins, which is equivalent to 0.1% of the total Bitcoin supply, positioning itself as one of the largest holders of Bitcoin in the world.

It is reported that Convano plans to continue purchasing Bitcoin in three phases, aiming to reach a holding of 2,000 Bitcoins by the end of 2025, 10,000 Bitcoins by August 2026, and 21,000 Bitcoins by March 2027.