Convano said it completed the sale of nearly all of its crypto asset holdings on Aug. 10, booking an approximate 298 million yen loss that will be recognized in the second quarter of the fiscal year ending March 2027. The FASTNAIL operator sold all group-held crypto assets except portions reserved for shareholder benefit deliveries and assets currently pledged as collateral, after a July 24 board resolution to exit those holdings. The crypto assets subject to sale had a book value of 8,766.74 million yen as of March 31, 2026. The disposal marks a sharp reversal from Convano's earlier Bitcoin treasury strategy, under which it bought about 10.4 billion yen of Bitcoin and at one point disclosed a plan to eventually hold 21,000 BTC. The company said the sale was aimed at reducing exposure to crypto price volatility and improving capital efficiency, and that sale proceeds may be directed toward high-growth, high-profitability businesses and shareholder returns.