Lite Strategy repurchases 13% of shares via $5.4M buyback funded by Litecoin

Lite Strategy repurchased 4.9 million shares, or 13% of its outstanding stock, deploying $5.4 million since December through a program funded entirely by Litecoin treasury operations.

"Our stock has traded well below the value of the Litecoin behind it, and we opted to not sit passively on this gap," said Jay File, CEO and CFO of Lite Strategy. "Using the proceeds from selling a measured portion of our Litecoin treasury asset to repurchase these shares at a substantial discount to NAV has effectively allowed us to monetize the discount."

The company bought shares at an average price of $1.11 apiece, when its stock traded at a discount to the net asset value of its Litecoin holdings that reached the low 40% range. That discount has since narrowed to below 25%. As of July 17, Lite Strategy held 819,070 LTC against 31,882,648 shares outstanding.

The buyback was financed through Litecoin sales and covered call premiums, with no debt incurred — a contrast to other digital asset treasury companies that borrow against crypto holdings to fund repurchases. The company ended fiscal 2026 with $5.7 million in cash and $1.1 million in total liabilities.

"The buyback program reflects exactly what disciplined digital asset treasury management looks like," said Joshua Riezman, board member and chief strategy officer at GSR. "Our stockholders end up owning a larger portion of the treasury without spending operational cash, without dilution and without the company taking on leverage."

Each repurchase increased the amount of Litecoin backing every remaining share, effectively allowing the company to monetize the NAV discount. Lite Strategy plans to continue the program as long as it remains value accretive, funding buybacks through active treasury management while maintaining its debt-free status and low operating cash burn.

The company's financial statements for the fourth quarter and full year ended June 30, 2026, have not yet been finalized or audited, and the preliminary estimates are subject to change.

This article is for informational purposes only and does not constitute investment advice.