PANews reported on August 22nd,
According to an official announcement from Convano, a Japanese listed company, Convano 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 coin. 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.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more