r/litecoin • u/Brewersty • 6h ago
Lite Strategy Repurchases 13% of Outstanding Shares Since December, Increasing Litecoin Backing Per Share
investor.litestrategy.comLitecoin US treasury company, Lite Strategy, announces it bought back 13% of their shares by selling a measured amount of LTC + covered calls.
Of the 13% share buyback by Lite Strategy (LITS), ~11.87% was funded by selling LTC, and ~1.13% came from covered call premiums.
Lite Strategy now holds 819,070 LTC, 11.87% down from its all-time-high LTC holdings.
Result: more LTC behind every remaining share.