Convano, known for its beauty and nail services, is set to acquire ¥400 million in Bitcoin, enhancing its financial strategy and inflation hedge.
Convano Inc. has announced a plan to purchase ¥400 million worth of Bitcoin by the end of July 2025 as part of its new cryptocurrency asset holding strategy. This initiative, overseen by the newly established 'Bitcoin Holding Strategy Office,' aims to strengthen the company's financial foundation and hedge against inflation. The company will utilize funds from new stock options and explore using its own funds for the purchase, which will be executed gradually through major cryptocurrency exchanges.