According to Foresight News, Web3 digital asset company Metavesco (OTC: MVCO) has announced the launch of a $1 million stock buyback plan. The buyback transaction has been authorized by the company's board of directors and will begin immediately, ending on February 1, 2025. Metavesco President and CEO Ryan Schadel stated that part of the revenue generated from its Bitcoin mining business will be used to fund the plan.
Metavesco earns revenue by providing crypto liquidity to decentralized exchanges such as Uniswap. The company has Bitcoin mining operations in custodial facilities located in Texas, Kentucky, and Iowa.