Japan's Convano completes 3.5 billion yen Bitcoin purchase, adding 200 BTC

According to an official announcement from Convano, a Japanese listed company, the company has completed a 3.5 billion yen Bitcoin purchase, totaling 200 new bitcoins at an average price of 17,540,000 yen (approximately $119,000 USD) per bitcoin. The purchase was funded by a combination of 2 billion yen from the third tranche of ordinary bonds and 1.508 billion yen from the fourth tranche of new share subscription rights. As of now, Convano holds a total of 364.93 bitcoins.