Lite Strategy, a Nasdaq-listed company holding Litecoin as its primary reserve asset, spent approximately $5.4 million to repurchase roughly 4.9 million shares between early 2024 and July 17. The buyback was funded by an undisclosed mix of LTC sales and covered-call premiums without taking on debt. This strategy increased the Litecoin backing per outstanding common share from 0.02527 to 0.02569 LTC, a rise of approximately 1.66%. Reported LTC holdings fell 11.89% over the period, while the share count declined 13.32%. The company reported a narrowing discount to Litecoin net asset value below 25%, though risks related to Litecoin price, liquidity, execution, and GSR counterparty exposure remain intact.
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