Lite Strategy buys back 13% of shares using Litecoin treasury funds

Lite Strategy, Inc. (NASDAQ: LITS) announced it repurchased approximately 4.9 million shares of its common stock between December 2025 and July 17, 2026, representing 13% of shares outstanding at the time the program began, according to a press release.

The company deployed approximately $5.4 million at an average price of $1.11 per share. Lite Strategy said it funded the repurchases entirely through treasury operations, including Litecoin sales and covered call premiums, without taking on debt.

The buybacks were initiated when the company's shares were trading at a discount to the net asset value of its Litecoin holdings, which reached the low 40% range during the repurchase period. The company said the discount has since narrowed to below 25%.

As of July 17, 2026, Lite Strategy holds 819,070 LTC against 31,882,648 shares outstanding. The company said each repurchase increased the amount of Litecoin backing each remaining share.

"At our NAV levels, we believe repurchasing shares is among the highest-conviction capital allocation decisions available to the company," said Jay File, CEO and CFO of Lite Strategy.

The company reported preliminary figures showing $5.7 million in cash and $1.1 million in total liabilities at the end of fiscal year 2026. Those figures have not yet been finalized or audited.

Lite Strategy said it intends to continue the repurchase program funded solely through active treasury management. The company holds Litecoin as its primary treasury reserve asset and also retains a portfolio of pharmaceutical assets.

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