Funding stock buybacks by selling your primary reserve asset is a dangerous game, but Lite Strategy just pulled it off without using a dime of debt
Lite Strategy, a Nasdaq-listed firm that holds Litecoin as its primary reserve asset, spent about $5.4 million repurchasing roughly 4.9 million shares by July 17. The firm funded the purchases with an undisclosed combine of LTC gross sales and covered-call premiums. The transaction shrank Lite Strategy’s reported Litecoin holdings but seems to have lifted LTC…
