Lite Strategy Funds $5.4M Buyback With Litecoin Sales And Covered Calls

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Lite Strategy repurchased 4.9 million shares for $5.4 million, representing 13% of shares outstanding, at an average price of $1.11 per share. The buyback was funded 11.87% through Litecoin sales and 1.13% through covered-call premiums. After the transaction, the company holds 819,070 LTC against 31,882,648 shares outstanding. The stated goal is to increase Litecoin backing per remaining share.

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Telemac
Telemachttp://cryptoinfo.ch
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