Aug. 3 at 3:29 PM
$LITS is a clean example of why selling treasury assets is not automatically bearish.
Since December, Lite Strategy used measured LTC sales plus covered-call premiums to repurchase roughly 4.9M shares, or 13% of its starting share count, at an average
$1.11. It incurred no debt.
The company’s preliminary July 17 figures were 819,070 LTC against 31.88M shares.
Absolute LTC declined, but the share count declined faster, leaving more LTC behind each remaining share.
That is asset recycling: fewer total coins, but more coins per shareholder. The objective is holdings per share, not simply the largest possible treasury balance.
