String Metaverse Ltd (BSE: META), India’s first listed Web 3.0 company, announced blockbuster financial results for FY 2024–25, alongside major strategic expansions into Blockchain infrastructure and digital asset adoption.
Financial Performance: Breaking Records
- Revenue: ₹407.36 Cr (Up 169.40% YoY from ₹151.21 Cr)
- Net Profit: ₹35.25 Cr (Up 225.79% YoY from ₹10.82 Cr)
- Public Shareholding: Successfully increased from 10.97% to 18.21% via a 2x oversubscribed Rights Issue
- Next Rights Issue: Planned to further boost public shareholding to 25%, complying with SEBI’s MPS norms
Strategic Expansion: $50M Blockchain Validation Nodes
- String Metaverse will invest $50 million in Cloud Data Centers across the globe to host high-performance Blockchain Validation nodes across major Layer 1 and Layer 2 Blockchains, including:
- Ethereum
- Solana
- Sonic
- Avalanche
- Bitcoin
- Base
- This infrastructure will support the booming Real-World Asset (RWA) tokenization market, projected to reach $30 trillion by 2030, requiring millions of Validation nodes for seamless global transactions.
Bold Treasury Strategy: 100% Digital Asset Reserves
- In a historic move, the company will hold all global profits and treasury reserves in:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- USDT & USDC (Stablecoins)
- Tokenized Gold & Real Estate
- This positions String Metaverse as a pioneer in corporate Digital Asset adoption.
Fund Raise for Global Digital Asset Treasury
- Over the next 3 fiscal years, the company plans to raise $2 billion via:
- – Structured Convertible Notes
- – ADRs / GDRs
- – Foreign Currency Convertible Bonds (FCCBs)
- Funds will be deployed into high-growth Digital Assets and Blockchain infrastructure.
CEO’s Vision
- “Our 169.40% revenue growth reflects the explosive demand for Web 3.0 infrastructure. With our Blockchain Validation Nodes, and Digital Asset Treasury, we’re building a future where String Metaverse powers the Decentralized Digital Asset Economy.”
About String Metaverse Ltd
- Listed on the BSE (META), String Metaverse is India’s first Web 3.0 publicly traded company, driving innovation in Blockchain Validation, RWA tokenization, and decentralized infrastructure.
