Metavesco, Inc. (OTC: MVCO) has achieved a notable advancement in its Bitcoin Treasury Plan by incorporating Bitmain Antminer S21+ units into its operations, increasing its hashing capacity to about 26 petahash per second (PH/s). This 30% enhancement enables the company to mine Bitcoin at an all-in cost of approximately $55,000 per Bitcoin, starkly lower than the current spot price of around $118,000.
Ryan Schadel, President & CEO of Metavesco, emphasized the strategic benefit of this upgrade, noting the company's ability to 'print future balance-sheet strength at half the market cost.' This approach not only avoids shareholder value dilution but also showcases Metavesco's operational efficiency. The upgrade increases daily Bitcoin production to about 0.0124 BTC, equating to roughly 1 BTC every 80 days, reinforcing the company's stance in the competitive Bitcoin mining sector.
This development aligns with a growing trend among over 250 public and private entities adopting Bitcoin as a corporate reserve asset, highlighting the cryptocurrency's increasing role in mainstream financial strategies. Metavesco's optimized mining operations exemplify how companies are leveraging cryptocurrency to bolster financial resilience and growth, contributing to the broader acceptance of Bitcoin in corporate treasury management.
