Web3 firm Metavesco (OTC: MVCO) is giving its stock a boost with a $1 million buyback plan, funded by both Bitcoin mining and crypto liquidity ventures. The company's board of directors greenlit the initiative, which kicks off immediately and runs until February 1, 2025.
"We're committed to creating shareholder value," declared Metavesco CEO Ryan Schadel. He revealed that part of the funds for the buyback will come from the company's Bitcoin mining operations, housed in secure facilities across Texas, Kentucky, and Iowa.
But that's not all! Metavesco also earns revenue by providing vital liquidity to decentralized exchanges like Uniswap. This dual approach to the crypto market – mining and DeFi – fuels the company's growth and allows it to reinvest in itself through the stock buyback program.
This move signals confidence in Metavesco's future and could potentially increase the value of its shares for investors. With both Bitcoin mining and DeFi powering its operations, the company is well-positioned to navigate the dynamic cryptocurrency landscape.
Here are some key takeaways:
Metavesco launches $1 million stock buyback plan.
Funding comes from Bitcoin mining and DeFi activities.
Buyback program starts immediately and ends February 1, 2025.
Move indicates confidence in the company's future and potential for shareholder value growth.
