Convano, Inc.

Bitcoin strengthened its rebound from the $77,000 level hit the previous day, recovering to around $81,000 on the morning of the 4th. Following this trend, Japanese crypto-related stocks such as Metaplanet were broadly bought on the Tokyo market, and US Strategy also surged over 17%. Among Japanese listed companies, Metaplanet holds 43,000 BTC, maintaining its position as the largest domestic holder. Nexon holds 1,717 BTC, Remixpoint holds 1,506 BTC, and ANAP Holdings holds approximately 1,431 BTC. In addition, Escrit Energy, GYET, and gumi also hold smaller amounts, bringing the total holdings of listed companies to approximately 48,500 to 49,000 BTC. Notably, Converano previously held around 763 BTC but decided to sell all of it in July, and now holds zero. In the US market, Marathon Digital, Strive, and Coinbase also rose more than 10%.

Konvano, which operates the nail salon FASTNAIL, announced on August 13 that it completed procedures to sell its crypto assets as of August 10. Based on a policy announced on July 24, 2026, the company had been disposing of the assets to curb financial risk from crypto price fluctuations and improve capital efficiency. It had been actively acquiring Bitcoin since 2025 and at one point set a plan to hold 21,000 BTC, but after market conditions changed it announced a review of the acquisition plan in November of that year, and in June 2026 the director who had led the crypto strategy stepped down. As of March 31, 2026, before the sale decision, the book value of crypto assets held by the group had reached 8.76674 billion yen. The company reported that the loss on sale resulting from the completed disposal is approximately 298 million yen.

Taiyo Higashi, a former director of Convano, which operates the nail salon chain FASTNAIL, has clarified that his resignation following a Bitcoin valuation loss was not a resignation to take responsibility. Higashi voluntarily offered to step down in order to clarify management responsibility for the Bitcoin valuation loss recorded in the fiscal year ending March 2026, and formally resigned at the conclusion of the annual shareholders' meeting on June 27. As reasons for his departure, he cited the timing of the core nail business and new ventures transitioning from launch to expansion phases, and the need to fulfill quarterly accountability as a listed company, stating he has no regrets whatsoever. He also noted that while an unrealized loss appeared on the income statement, the ability to expand fundraising capacity from 6 billion yen to 10.2 billion yen at a similar share dilution rate was a certain achievement from the perspective of strengthening the financial base. After resigning, Higashi established a consulting firm called Takeoff and is working on developing services for companies holding crypto assets. Meanwhile, on July 24, Convano announced a plan to sell all of its crypto asset holdings, worth approximately 8.7 billion yen, within three months, signaling a clear withdrawal from the crypto asset business.