Lite Strategy holds 832,716 LTC, over 1% of mined supply
- —Held 832,716 LTC at end-June, over 1% of mined Litecoin supply
- —Bought more than 900,000 LTC using a $100 million private placement
- —Repurchased about 6.4 million shares, roughly 17% of the float
- —Covered calls generated about $930,000 in premiums; no debt, total assets $42.7 million
Why it matters: The largest corporate LTC holder reinforces the crypto treasury-company narrative and tightens the coin's free float.
Source: Bloomingbit