Metavesco, Inc. (OTC: MVCO) has taken a significant step forward in its Bitcoin Treasury Plan by installing new Bitmain Antminer S21+ units, increasing its hashing capacity to approximately 26 petahash per second (PH/s). This expansion enables the company to produce around 0.0124 BTC daily at an all-in mining cost of about $55,000 per Bitcoin, which is more than a 50% discount compared to the current spot price of $118,000. Ryan Schadel, President & CEO of Metavesco, highlighted the strategic advantage of this move, stating it allows the company to accumulate Bitcoin without diluting shareholder value, turning every watt of power into long-term shareholder benefit.
The upgrade marks a 30% increase in hash-power compared to the company's previous setup, positioning Metavesco among the elite 25 PH/s+ mining operations. With an ultra-low production cost of $55,000 per Bitcoin against an industry median above $70,000 in Q2-2025, Metavesco is set to enhance its balance sheet by adding approximately 1 BTC every 80 days. This development comes at a time when over 250 public and private organizations have recognized Bitcoin as a corporate reserve asset, with MicroStrategy leading the pack by amassing over 600,000 BTC as of July 14, 2025.
This strategic expansion not only underscores Metavesco's commitment to leveraging Bitcoin as a cornerstone of its treasury strategy but also reflects the growing acceptance of cryptocurrency as a viable reserve asset among corporations worldwide. The move is expected to provide Metavesco with a competitive edge in the rapidly evolving digital currency landscape, offering a sustainable model for Bitcoin accumulation that benefits both the company and its shareholders.
