String Metaverse Reports 169.40% Revenue Growth YOY, Unveils Bold Digital Asset Strategy

String Metaverse Ltd (BSE: META), India’s first listed Web 3.0 company, announced blockbuster financial results for FY 2024-25, with a revenue of 407.36 Cr, up 169.40% YoY from 151.21 Cr. The net profit was 35.25 Cr, up 225.79% YoY from 310.82 Cr. The company also increased its public shareholding from 10.97% to 18.21% via a 2x oversubscribed Rights Issue and plans to further increase it to 25% to comply with SEBI’s MPS norms. Strategic expansions include a $50M investment in Cloud Data Centers across the globe to host high-performance Blockchain Validation nodes and a shift towards holding all global profits and treasury reserves in digital assets like Bitcoin, Ethereum, Solana, USDT & USDC, Tokenized Gold & Real Estate. The company plans to raise $2 billion over the next 3 fiscal years for high-growth Digital Assets and Blockchain infrastructure.