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Lite Strategy Repurchases 13% of Outstanding Shares Since December, Increasing Litecoin Backing Per Share
SAN DIEGO, July 30, 2026 (GLOBE NEWSWIRE) -- Lite Strategy, Inc. (Nasdaq: LITS) (“Lite Str...
About this update from Lithos Group Ltd
Lite Strategy Repurchases 13% of Outstanding Shares Since December, Increasing Litecoin Backing Per ShareLite Strategy Buys Back Roughly 4.9 Million Shares at an Average Price of $1.11 with No Debt Incurred SAN DIEGO, July 30, 2026 (GLOBE NEWSWIRE) -- Lite Strategy, Inc. (Nasdaq: LITS) (“Lite Strategy” or the “Company”), the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserve asset, today announced that since it commenced utilization of its Share Repurchase Program (the “Program”) in December 2025 and through July 17, 2026, it has repurchased approximately 4.9 million shares of its common stock, or 13% of the shares outstanding at the time the Program commenced. The Company deployed approximately $5.4 million at an average price of $1.11 per share and funded the repurchases entirely through its active 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. “At our NAV levels, we believe repurchasing shares is among the highest-conviction capital allocation decisions available to the Company, and that it reflects an alignment between market conditions and long-term stockholder interests. 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, and, in return, it leaves more Litecoin behind each remaining share. That is what prudent and disciplined active treasury management produces.” Lite Strategy commenced the program when its shares were trading at a discount to the net asset value (“NAV”) of the underlying Litecoin treasury asset, which reached the low 40% range during the repurchase period. By repurchasing shares at prices below NAV, each repurchase increased the amount of LTC supporting every remaining share of common stock. Through the program, that discount has narrowed to below 25%. As of July 17, 2026, Lite Strategy holds 819,070 LTC against 31,882,648 shares outstanding. Lite Strategy financed the program entirely from treasury operations consisting of Litecoin sales and covered call premiums. At a moment when many other digital asset treasury companies are borrowing again...