Convano bitcoin holdings
A nail salon chain that told the market it would own 21,000 bitcoin by March 2027. It has 763, and says it will not raise money to buy the rest.
Key figures
- Bitcoin held
- 763 BTC
- As of
- 2025-11-21
- Rank
- 50 of 165
- Value at current price
- $48.2M
- Share of 21 million
- <0.01%
Holdings over time
Cumulative bitcoin held after each disclosed event. The line steps rather than slopes because treasury positions change on purchase dates, not continuously.
We have one dated figure for Convano so far, shown in the table below, and the table says where it came from. A chart needs at least two dated points, and we would rather show nothing than draw a trend through a single figure. This fills in as the company publishes, or as we backfill its earlier announcements.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2025-11-21 | Reported | 763 | Approximately 762.68 BTC held under the corporate treasury strategy. | finance.yahoo.com |
About Convano
Convano runs and franchises nail salons in Japan under the FASTNAIL brands, with about 436 employees, and has since 2007. In 2025 it announced a bitcoin acquisition plan in three phases, run out of an internal BTC Holding Strategy Office: 2,000 coins by the end of 2025, 10,000 by August 2026 and 21,000, about 0.1 percent of supply, by March 2027. The full programme was costed at roughly 434 billion yen.
Measured against that, progress is slow. It held approximately 762.68 coins on 21 November 2025, which is where the number has stayed, so the first phase was missed by more than half and the second by an order of magnitude.
The funding plan explains why. The company has said it does not intend to raise additional capital for the treasury and will fund purchases from the bitcoin reserve itself, including options trading meant to generate incremental coin income. That is a materially different model from the Japanese peers it is often grouped with, which issue equity into a premium, and it caps growth at whatever the existing stack can earn.
Frequently asked questions
Is Convano still targeting 21,000 bitcoin?
That is the stated target, for March 2027, but the disclosed holdings have not moved past roughly 763 coins since November 2025 and the company has ruled out raising capital to fund the purchases. Treat the target as an ambition rather than a schedule, and watch the coin count rather than the announcements.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.