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Lite Strategy buys back shares, using Litecoin sales and covered-call premiums

Lite Strategy spent about $5.4 million to repurchase roughly 4.9 million shares through July 17, without using debt.

Reported · Written up by our desk · Market Structure

Lite Strategy, a Nasdaq-listed company that holds Litecoin as its primary reserve asset, repurchased about 4.9 million shares through July 17 in a program funded through an undisclosed combination of Litecoin sales and covered-call premiums, according to a July 30 filing cited by CryptoSlate.

The company said it paid an average of $1.11 per share and retired about 13% of the shares outstanding when the buyback began, while reporting it did not use debt. CryptoSlate reports this activity shrank Lite Strategy’s reported Litecoin holdings, but it appears to have increased Litecoin backing per outstanding share by about 1.7%.

As of July 17, Lite Strategy reported 819,070 Litecoin and 31,882,648 outstanding common shares. CryptoSlate notes the difference between the reported Litecoin decline from year-end to July 17 and an inferred share-count decline is small but drives the estimated per-share backing change.

CryptoSlate also reports that through March 31, the company recorded $1.925 million in digital-asset sale proceeds and $742,000 in covered-call premiums, while spending $1.995 million to repurchase 1,629,136 shares. Lite Strategy said its issuer-defined discount to Litecoin net asset value moved from the low-40% range during the repurchase period to below 25% afterward, though it did not provide a fully reproducible NAV formula or exact observation dates.

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