Lite Strategy Funds $5.4M Buyback With Litecoin Sales And Covered Calls

Lite Strategy has repurchased 4.9 million shares for $5.4 million, using Litecoin treasury activity and covered-call premiums to fund the buyback.
The company said the repurchase represented 13% of shares outstanding, with an average price of $1.11 per share. The validated notes show Lite Strategy holding 819,070 LTC against 31,882,648 shares outstanding after the transaction.
The buyback funding mix is the interesting part.
Lite Strategy said the capital came from treasury operations, with 11.8