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The Japanese listed company Convano Inc has acquired the UAE Phoenix Group, becoming the 59th largest Bitcoin financial company.
Golden Finance reported that the Japanese listed company Convano Inc (6574.T) has acquired the UAE listed company Phoenix Group, becoming the 59th largest Bitcoin financial company. Previously, Phoenix Group announced the establishment of a treasury worth over $150 million in Bitcoin and Solana. They currently hold 514 Bitcoins and over 630,000 Solana as part of their long-term reserves.