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When we reported FY2026, we said this year would be about accretive buybacks, recurring yield and lower costs.
In Q1 we repurchased another 2.2M shares at a meaningful discount to NAV, kept covered calls generating cash, and cut cash used in operations by more than half, all debt-free.
Looking ahead, we are selectively evaluating M&A and strategic opportunities that can expand our treasury operations and drive business development across the Litecoin ecosystem.
In Q1 we repurchased another 2.2M shares at a meaningful discount to NAV, kept covered calls generating cash, and cut cash used in operations by more than half, all debt-free.
Looking ahead, we are selectively evaluating M&A and strategic opportunities that can expand our treasury operations and drive business development across the Litecoin ecosystem.
Lite Strategy Q1 FY 2027 results are in.
Key highlights:
- Repurchased ~2.2M shares at an average of $1.08, bringing total shares repurchased since the program began to ~18% & keeping the discount to NAV in the low 20% range
- Generated ~$130K in covered call premiums, taking cumu1M in just over a year
- Cut G&A expenses 24% and cash used in operations 52% YoY
- Held 751,798 $LTC with a fair value of $50.5M at September 30
- Stayed debt-free, with the buyback funded entirely through active treasury operations
With 12 months of active treasury execution behind it and no debt, the Company is focused on building operating activity around the Litecoin ecosystem through selective acquisitions and strategic partnerships, broadening its institutional investor base, and deploying capital only where it’s accretive per share.
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I’ll be heading to @Official_Cantor Convergence in Miami for their event tomorrow and the day after (Nov 10-11).
What I like about this event is that it puts crypto, AI infrastructure, energy and fintech in the same room. A few years ago those were separate conversations. Now ome one.
I’ll mostly be meeting investors and listening. If you’re there, come say hi.
See you there!
What I like about this event is that it puts crypto, AI infrastructure, energy and fintech in the same room. A few years ago those were separate conversations. Now ome one.
I’ll mostly be meeting investors and listening. If you’re there, come say hi.
See you there!
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The average AI agent payment is about 30 cents... and I think that one number tells you a lot about where money is heading.
That's from Coinbase's x402 standard, which handled around 165 million agent payments worth roughly $50 million by April.
Here's the thing:
30 cents is e a typical card processor adds to every swipe. When you buy a $40 sweater, you never notice it. When an agent pays 30 cents for a batch of data, that fee doubles the cost of the purchase.
And what are agents actually buying? Mostly API credits, domain names and cloud storage... the plumbing of the internet.
That list looks a lot like where $LTC already gets spent. On coingate, about 73% of Litecoin payments go to web hosting, proxies and gaming, at fees of a fraction of a cent.
Most of this agent traffic runs on stablecoins like $USDC & $USDT today, and that makes sense for services priced in dollars.
Software paying software for internet infrastructure is a job Litecoin has been doing for years, and I'd love to see it in that conversation early.
That's from Coinbase's x402 standard, which handled around 165 million agent payments worth roughly $50 million by April.
Here's the thing:
30 cents is e a typical card processor adds to every swipe. When you buy a $40 sweater, you never notice it. When an agent pays 30 cents for a batch of data, that fee doubles the cost of the purchase.
And what are agents actually buying? Mostly API credits, domain names and cloud storage... the plumbing of the internet.
That list looks a lot like where $LTC already gets spent. On coingate, about 73% of Litecoin payments go to web hosting, proxies and gaming, at fees of a fraction of a cent.
Most of this agent traffic runs on stablecoins like $USDC & $USDT today, and that makes sense for services priced in dollars.
Software paying software for internet infrastructure is a job Litecoin has been doing for years, and I'd love to see it in that conversation early.
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Jay File retweeted
A major milestone for LitVM V2 🔥
Ethereum support is a critical piece of the Charms-powered interoperability architecture we're building to connect native $LTC with LitVM and the wider EVM ecosystem.
Another step closer to unlocking a new era of utility for Litecoin.
Ethereum support is a critical piece of the Charms-powered interoperability architecture we're building to connect native $LTC with LitVM and the wider EVM ecosystem.
Another step closer to unlocking a new era of utility for Litecoin.
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Privacy might be the most underrated part of what makes money free...
Most people aren't hiding anything. They just don't want their whole financial life on display every time they send money to a friend.
Litecoin has always been about money that works, and privacy is part of that.
Most people aren't hiding anything. They just don't want their whole financial life on display every time they send money to a friend.
Litecoin has always been about money that works, and privacy is part of that.
@LTCFoundation took center stage today at @AIBC_World Rome 🇮🇹
I hosted a fireside chat with @litecoin creator @SatoshiLite to talk privacy, reliability, and why #Litecoin is “money that works.”
Stay tuned for the full conversation 💯
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Jay File retweeted
If you want to understand crypto, you need to learn to love Litecoin.
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Litecoin already works really well as money, and the next step is getting more people to spend it.
The fees are low and settlement is fast... that foundation has been there the whole time. Now it’s about more people and more projects putting it to use.
That’s where our focus at e next year, growing real activity around the @Litecoin ecosystem.
Every time we look at putting capital to work, the question is pretty simple. Could this expand what Litecoin can do? LitVM was one of those, and we’re looking at other use cases too.
More use cases give people more reasons to hold Litecoin. Over time, that’s how we build long-term value for shareholders.
Had a really good chat with AlphaStreet about all of it.
Link below.
The fees are low and settlement is fast... that foundation has been there the whole time. Now it’s about more people and more projects putting it to use.
That’s where our focus at e next year, growing real activity around the @Litecoin ecosystem.
Every time we look at putting capital to work, the question is pretty simple. Could this expand what Litecoin can do? LitVM was one of those, and we’re looking at other use cases too.
More use cases give people more reasons to hold Litecoin. Over time, that’s how we build long-term value for shareholders.
Had a really good chat with AlphaStreet about all of it.
Link below.
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The SEC staff quietly added a new answer to its crypto FAQ this week, and it's one of the more useful things I've seen from a regulator in a long time.
The question was what it actually means for someone to control a crypto network, and this time they spelled it out.
One party - Decide who gets in.
- Change how upgrades get voted on.
- Pick who validates.
- Rewrite the code or reverse transactions.
If the network runs on rules based code and changes only happen through broad governance, it isn't controlled.
Sure, it’s staff guidance and not law, but think about how many times allocators have asked “who actually controls this thing” and nobody had a clean answer.
Now there's a list a finance team can sit down and check a network against (and that matters a LOT for getting serious capital comfortable).
The question was what it actually means for someone to control a crypto network, and this time they spelled it out.
One party - Decide who gets in.
- Change how upgrades get voted on.
- Pick who validates.
- Rewrite the code or reverse transactions.
If the network runs on rules based code and changes only happen through broad governance, it isn't controlled.
Sure, it’s staff guidance and not law, but think about how many times allocators have asked “who actually controls this thing” and nobody had a clean answer.
Now there's a list a finance team can sit down and check a network against (and that matters a LOT for getting serious capital comfortable).
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Jay File retweeted
"Ambiguity is a tax on ambition" is such a good way to put it, Jay.
That's the whole reason we built cLTC around one published reserve, with @LTCFoundation behind it.
That's the whole reason we built cLTC around one published reserve, with @LTCFoundation behind it.
I said recently that ambiguity is a tax on ambition, and this is a good example of what removing it looks like.
When an institution wants Litecoin exposure on a new network, the first thing it usually runs into is a choice it shouldn’t have to make (which wrapped version, which issuer, which reserve).
cLTC settles that before anyone has to ask. There’s one token with one published reserve, and the @LTCFoundation is standing behind it.
Nobody’s going to get excited about a reserve page, but that’s exactly the kind of thing that turns a long compliance back-and-forth into a quick yes.
Litecoin keeps turning up in places built for institutions, and this time the paperwork is already sorted.
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Jay File retweeted
Bitwise asked 15 large institutions how they handled the roughly 50% drawdown from late 2025 into mid-2026.
None of them cut their crypto, and not one named price as a reason to sell... which tells you these are people thinking in years, not weeks.
And if you’re thinking in years, what do you actually want from the asset you hold? mostly that you can see what’s coming...
That’s a big reason Litecoin works for us as a treasury asset:
- the core rules set at block 0 are the same ones running today, including the 84M cap
- about 92.5% of all LTC is already mined, and the last coins arrive around 2142
- the next halving is expected around July 2027, when the reward drops from 6.25 to 3.125 $LTC
It’s the same reason bond investors like knowing the coupon schedule up front, because surprises are expensive when you’re holding for a long time.
An asset with a schedule you can read decades ahead is a pretty good foundation for a company built to hold it.
None of them cut their crypto, and not one named price as a reason to sell... which tells you these are people thinking in years, not weeks.
And if you’re thinking in years, what do you actually want from the asset you hold? mostly that you can see what’s coming...
That’s a big reason Litecoin works for us as a treasury asset:
- the core rules set at block 0 are the same ones running today, including the 84M cap
- about 92.5% of all LTC is already mined, and the last coins arrive around 2142
- the next halving is expected around July 2027, when the reward drops from 6.25 to 3.125 $LTC
It’s the same reason bond investors like knowing the coupon schedule up front, because surprises are expensive when you’re holding for a long time.
An asset with a schedule you can read decades ahead is a pretty good foundation for a company built to hold it.
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Bitwise asked 15 large institutions how they handled the roughly 50% drawdown from late 2025 into mid-2026.
None of them cut their crypto, and not one named price as a reason to sell... which tells you these are people thinking in years, not weeks.
And if you’re thinking in years, what do you actually want from the asset you hold? mostly that you can see what’s coming...
That’s a big reason Litecoin works for us as a treasury asset:
- the core rules set at block 0 are the same ones running today, including the 84M cap
- about 92.5% of all LTC is already mined, and the last coins arrive around 2142
- the next halving is expected around July 2027, when the reward drops from 6.25 to 3.125 $LTC
It’s the same reason bond investors like knowing the coupon schedule up front, because surprises are expensive when you’re holding for a long time.
An asset with a schedule you can read decades ahead is a pretty good foundation for a company built to hold it.
None of them cut their crypto, and not one named price as a reason to sell... which tells you these are people thinking in years, not weeks.
And if you’re thinking in years, what do you actually want from the asset you hold? mostly that you can see what’s coming...
That’s a big reason Litecoin works for us as a treasury asset:
- the core rules set at block 0 are the same ones running today, including the 84M cap
- about 92.5% of all LTC is already mined, and the last coins arrive around 2142
- the next halving is expected around July 2027, when the reward drops from 6.25 to 3.125 $LTC
It’s the same reason bond investors like knowing the coupon schedule up front, because surprises are expensive when you’re holding for a long time.
An asset with a schedule you can read decades ahead is a pretty good foundation for a company built to hold it.
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I said recently that ambiguity is a tax on ambition, and this is a good example of what removing it looks like.
When an institution wants Litecoin exposure on a new network, the first thing it usually runs into is a choice it shouldn’t have to make (which wrapped version, which issuer, which reserve).
cLTC settles that before anyone has to ask. There’s one token with one published reserve, and the @LTCFoundation is standing behind it.
Nobody’s going to get excited about a reserve page, but that’s exactly the kind of thing that turns a long compliance back-and-forth into a quick yes.
Litecoin keeps turning up in places built for institutions, and this time the paperwork is already sorted.
When an institution wants Litecoin exposure on a new network, the first thing it usually runs into is a choice it shouldn’t have to make (which wrapped version, which issuer, which reserve).
cLTC settles that before anyone has to ask. There’s one token with one published reserve, and the @LTCFoundation is standing behind it.
Nobody’s going to get excited about a reserve page, but that’s exactly the kind of thing that turns a long compliance back-and-forth into a quick yes.
Litecoin keeps turning up in places built for institutions, and this time the paperwork is already sorted.
The next evolution of Litecoin.
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Time is the most honest filter in this space, because it quietly removes everything that only worked while people were paying attention.
I used to think durability meant being the most exciting thing in the room (turns out it’s being the thing people still reach for).
And people only reach for something without thinking once it’s worked for them enough times in a row.
That’s what I see in 196K addresses using Litecoin every day. Somebody renewing their hosting, somebody topping up a game account, somebody paying for a proxy before they log off for the night.
Most of those people probably aren’t thinking about Litecoin at all when they do it, and that’s kind of the point.
The best money is the kind you stop noticing, cuz it just does what you expect every time you use it.
I used to think durability meant being the most exciting thing in the room (turns out it’s being the thing people still reach for).
And people only reach for something without thinking once it’s worked for them enough times in a row.
That’s what I see in 196K addresses using Litecoin every day. Somebody renewing their hosting, somebody topping up a game account, somebody paying for a proxy before they log off for the night.
Most of those people probably aren’t thinking about Litecoin at all when they do it, and that’s kind of the point.
The best money is the kind you stop noticing, cuz it just does what you expect every time you use it.
Litecoin turned 15 in October and averaged around 196,000 active addresses a day this month.
People keep showing up for Litecoin.
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