Metavesco Initiates Bitcoin Treasury Strategy with $750,000 Financing

Metavesco, Inc. (OTC: MVCO) has announced the launch of Phase 1 of its Bitcoin Treasury Strategy following the closure of a $750,000 five-year term loan. This strategic move is designed to allow the company to retain all Bitcoin generated by its mining operations, marking a significant shift from its previous approach of selling mined Bitcoin to cover operational costs. The financing will also support operational expenses and expansion efforts at Epic Labor, a subsidiary of Metavesco.

Ryan Schadel, President & CEO of Metavesco, highlighted the importance of this financing, stating it enables the company to move from being forced sellers of Bitcoin to long-term holders. The company's three-phase treasury plan begins with retaining all self-mined Bitcoin, followed by systematic market purchases funded by capital inflows from its staffing business, and culminates in allocating 10-15% of total assets into Bitcoin by 2026.

The loan, characterized by a 13% APR and a 60-month term, is unsecured and non-convertible. This initiative reflects Metavesco's broader strategy to diversify its asset management approach, leveraging the potential of Bitcoin as a long-term investment. The move is indicative of a growing trend among companies to incorporate cryptocurrency into their treasury strategies, potentially influencing broader adoption and investment strategies in the industry.