Japanese firms are increasingly turning to crypto as one of the nation’s nail salon chains, Convano, officially kicks off its Bitcoin (BTC) investment strategy.
Following in the footsteps of Metaplanet, a hotelier turned BTC bull, Convano is setting an acquisition target of 21,000 BTC within the next two years.
On July 17, 2024, it announced the establishment of its Bitcoin Holding Strategy Office, which was coupled with a 400 million JPY ($2.7 million) investment that bagged the firm 22.62 BTC.
Today, the firm owns 164.93 BTC worth roughly $18.8 million.
Now, Convano has outlined its yearly targets.
In a post to X, the Director of Convano’s BTC Holding Strategy Office, Taiyo Azuma, disclosed a three-phase plan that begins with reaching a 2,000 BTC target by the end of this year.
The portfolio should hold 10,000 BTC in August 2026, and Convano’s new goal is 21,000 BTC by the end of March 2027.#TrumpTariffs #ProjectCrypto #news $BTC