Convano Inc, a prominent Japanese nail salon operator, has announced plans to accumulate 21,000 bitcoins for its corporate treasury reserves by the end of March 2027. This strategic initiative positions the company among a growing cohort of mainstream businesses embracing cryptocurrency as part of their financial planning.
The company has already begun executing this strategy, securing approximately 165 bitcoins within two weeks of launching its reserve accumulation program. Funding for these purchases originated from a recent capital raise of 2 billion yen (equivalent to $13.54 million) completed in August.
Executives at Convano stated that bitcoin serves dual purposes for the company: functioning as a long-term store of value while providing a strategic hedge against currency fluctuations. This rapid acquisition initiative underscores accelerating corporate cryptocurrency adoption within Japan’s business landscape, marking a significant milestone in institutional digital asset investment strategies.