Key Insights:
- In latest Bitcoin news, Convano aims to buy $139.2 million in BTC.
- MetaPlanet holds 20,136 BTC, ranking sixth worldwide among corporate Bitcoin treasuries and frequently cited in bitcoin news reports.
- Nexon, Remixpoint, and other Japanese firms show the country’s growing role in Bitcoin holdings.
A Japanese firm has announced plans to buy a large amount of Bitcoin. Convano, listed on the Tokyo Stock Exchange, will raise $139.2 million through straight bonds to fund the purchase.
This latest Bitcoin news follows the lead of Japanese firm MetaPlanet, which has already made Bitcoin a core part of its reserves.
Together, these moves show that Japan is becoming one of the most active regions for Bitcoin treasuries, drawing global attention in recent Bitcoin news.
Bitcoin News: Convano’s Bet Big on BTC
Convano currently holds around 520 BTC, placing it 59th among global corporate holders. With its new plan, Convano will issue $139.2 million in straight bonds.
A straight bond is a simple loan where the firm borrows money and pays it back with interest. The funds will go directly into buying Bitcoin.
At the current market price, Convano might be able to purchase over 1,200 BTC.
If completed, Convano’s Bitcoin stash will more than double. This shows growing trust that Bitcoin can act like digital gold.
For Convano, the strategy is clear: borrow cheaply, hold Bitcoin, and hope its value rises faster than debt costs.
Convano’s decision follows the bold steps taken by Japanese firm MetaPlanet. Often called Japan’s “MicroStrategy,” MetaPlanet is now the sixth-largest Bitcoin-holding company worldwide. It owns 20,136 BTC, worth over $1.3 billion.
But the strategy has not been smooth. MetaPlanet’s stock has fallen about 60% in the last three months. The drop comes because the firm often issues new shares to buy Bitcoin. This lowers the value of older shares, which worries investors.
Still, analysts see possible upside. The Relative Strength Index (RSI), which tracks buying and selling strength, shows the stock is oversold.
Models also suggest the fair value could be much higher. For many traders, MetaPlanet shows both the risks and the rewards of using Bitcoin as a main asset.
If the MetaPlanet stock moves higher, it could also lift other Japanese BTC Treasury companies.
Other Japanese Firms in Bitcoin Treasuries
Convano and MetaPlanet are not alone. Nexon, a video game company, owns more than 1,700 BTC. RemixPoint, active in energy and crypto services, is also on the list.
Anapp Holdings joins them, too. Together, Japan now has at least five firms in the world’s top 100 Bitcoin treasuries.
This rise comes at a time when global Bitcoin buying by companies has slowed. Data shows the average purchase price for Bitcoin by treasury firms has been falling.
Many companies have paused, even while MetaPlanet and U.S. giant MicroStrategy keep buying. Convano’s newest foray into the space could bring good news for the entire BTC treasury space.
And this happening right before the expected Fed rate cuts does look like a bullish signal, nonetheless.
Convano’s move could mark a change. If U.S. interest rates fall, debt becomes cheaper. That could push more firms to copy Convano’s plan, borrowing through bonds to add Bitcoin. For now, Japan’s firms are showing a rare appetite for risk in a slowing global market.
The $139.2 million plan from Convano shows how Japanese firms are driving Bitcoin adoption.
Following MetaPlanet’s huge reserves, Convano joins Nexon, RemixPoint, and others in putting Japan at the center of corporate Bitcoin strategy.
While MetaPlanet’s stock struggles show the risks, these firms are proving that Japan is ready to make Bitcoin a serious treasury asset.
If the trend continues, Japanese firms led by MetaPlanet could become some of the strongest voices in the global Bitcoin market and remain a focal point in Bitcoin news.