May. 14 at 5:52 PM
$LITS moves thus far have all been to increase LTC/share. Even selling the 35,000 LTC was done well below nav making it a net positive move. Management expense % and cash burn are also being criticized but the ratio is actually well below what even
$MSTR had when it first pivoted to a treasury play
Basically they sell some LTC and decrease shares with the funds during a bear period when nav is below 1. When we are in a bull period and nav is above 1 they will issue shares and gobble up new ltc when nav is above 1. Both are accretive and increase shareholder value and ltc/share steadily
Do know as well that when LTC goes up and the asset value on the Treasury increases the management expense % will become tiny, in a similar fashion to what happened with micro strategy over time as their BTC value held increased, making expenses seem tiny .
If you believe in LTC going up, lits is a no brainer. And it can easily outperform LTC itself
