String Metaverse Ltd (BSE: META) Reports 169.40% YoY Revenue Growth; Announces ?415 Cr Blockchain Infra Investment and Digital Asset Treasury Strategy

Hyderabad (Telangana) [India], May 16: String Metaverse Ltd (BSE: META), India’s first publicly listed Web 3.0 company, has reported exceptional financial results for FY 2024–25. The company posted a revenue of ?407.36 crore, marking a 169.40% increase from ?151.21 crore in the previous year. Net profit surged by 225.79% to ?35.25 crore compared to ?10.82 crore last year.

Public shareholding in the company rose from 10.97% to 18.21% following a 2x oversubscribed Rights Issue. A subsequent Rights Issue is planned to increase public shareholding to 25%, in line with SEBI’s Minimum Public Shareholding (MPS) norms.

As part of its global expansion, String Metaverse announced an investment of ?415 crore in high-performance Cloud Data Centres. These centres will host Blockchain Validation Nodes across key Layer 1 and Layer 2 networks including Ethereum, Solana, Sonic, Avalanche, Bitcoin, and Base. The infrastructure will support the rapidly growing Real-World Asset (RWA) tokenization market, projected to reach $30 trillion (approx. ?2,490 lakh crore) by 2030.

In a pioneering move, the company has decided to hold 100% of its global profits and treasury reserves in Digital Assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), stable coins (USDT & USDC), and tokenized assets like gold and real estate. This positions String Metaverse as one of the first Indian corporates to fully embrace a Digital Asset Treasury strategy.

To fuel its global roadmap, String Metaverse plans to raise ?16,600 crore over the next three years through structured instruments including Convertible Notes, ADRs/GDRs, and Foreign Currency Convertible Bonds (FCCBs). These funds will be deployed into high-growth digital asset portfolios and infrastructure.

“Our 169.40% revenue growth reflects the explosive demand for Web 3.0 infrastructure,” said the CEO of String Metaverse Ltd. “With our Blockchain Validation Nodes and Digital Asset Treasury, we’re building a future where String Metaverse powers the decentralized digital economy.” (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

Source: PTI