Metavesco Concludes Major Share Retirement, Hosts Stock Certificate Burning

Metavesco, Inc. has effectively retired 3,759,829,140 common shares as of February 6, 2025. This initiative is part of the company's strategy to enhance shareholder value and streamline its capital structure. The move aligns with Metavesco's long-term growth plan.

In a livestream event, CEO Ryan Schadel burned the stock certificate for the retired shares, which were valued at approximately $8 million. These shares, purchased by Schadel with cash, were returned to the company’s treasury in exchange for 51 Series X Preferred Shares. These shares hold "super voting" rights, amounting to 51% of the company's voting power, yet they are non-convertible. The reduction in shares has been verified and updated.

Metavesco continues to focus on strategic acquisitions and market solutions across multiple sectors. This move is a significant step in boosting its growth trajectory.