Lite Strategy Announces $25M Share Repurchase Program, Signaling Shift From Initial Litecoin Accumulation to Active Capital Market Operations

Core Viewpoint - Lite Strategy, Inc. (LITS) has announced a share repurchase program authorized by its Board of Directors, aiming to enhance long-term stockholder value with a total repurchase amount of up to $25 million [1][2]. Share Repurchase Program - The share repurchase program is effective immediately and allows for shares to be repurchased in the open market or through negotiated transactions [1]. - The timing and number of shares to be repurchased will depend on market conditions, with no specific price targets or timetables set [3]. - The company plans to finance the repurchases using available working capital [3]. Strategic Flexibility - The company has the ability to repurchase shares when trading at a discount to its market net asset value (mNAV) and can sell shares when trading at a premium to raise capital for acquiring additional Litecoin [2]. - A potential Rule 10b5-1 trading plan may be implemented to facilitate share repurchases during periods outside normal trading windows [2]. Company Background - Lite Strategy, Inc. is the first U.S.-listed public company to adopt Litecoin as its primary reserve asset, transitioning from its previous focus on drug candidates to digital asset treasury strategies [4].