6D
...
Japanese beauty chain Convano Inc has announced plans to acquire 21,000 bitcoins by March 2027, marking a significant shift toward cryptocurrency adoption in the corporate world. The company recently raised 2 billion yen, or about $13.54 million, to fund its bitcoin buying spree, signaling a firm belief in the digital asset’s long-term value.
Convano purchased around 165 bitcoins within just two weeks of launching the initiative, showing strong early momentum. The company sees bitcoin as a hedge against currency volatility and a strategic reserve asset, highlighting a rising trend among Japanese firms exploring crypto for financial resilience. Analysts say this move could influence other non-tech firms to follow suit, as they look for innovative ways to diversify their treasuries.
The strategy reflects Japan’s evolving approach to digital finance, as regulatory clarity improves and market infrastructure strengthens. Convano’s bold step underscores a growing corporate interest in bitcoin and could help accelerate mainstream adoption of cryptocurrencies across industries.
