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PSLDX: Reassessing After A Successful Year (MUTF:PSLDX)
Lite Strategy raised $100 million in gross proceeds, acquiring 929,548 Litecoin tokens and launched a $25 million share buyback to maximize stockholder value.
- Raised $100 million in a July 2025 PIPE to launch Litecoin as a primary reserve asset, with LITS acquiring 929,548 LTC tokens, according to the November 17, 2025 press release.
- After selling ME-344 , Lite Strategy, Inc. expanded beyond drug candidates to pursue institutional digital asset treasury strategies during its fiscal 2025 strategic-alternatives process.
- Entering a strategic partnership, LITS tapped GSR, added Charlie Lee and Joshua Riezman to leadership, and announced a $25 million share repurchase program leveraging its nearly 1 million LTC treasury.
- LITS now markets itself as the only U.S. public vehicle offering institutional Litecoin exposure, rebranding from MEI Pharma and changing its NASDAQ ticker from MEIP to LITS.
- As it moves through fiscal year 2026, LITS says it will continue evaluating voruciclib pre-clinical studies and zandelisib licensing/sale opportunities, while warning forward-looking statements face risks like LTC price volatility.
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16 Articles
16 Articles
Globe Newswire+14 Reposted by 14 other sources
Lite Strategy Reports First Quarter Fiscal Year 2026 Results; Highlights Successful Launch of $100M Litecoin Treasury Strategy and Movement into Active Capital Market Operations
Lite Strategy Reports Q1 FY'26 Results; Highlights Successful Launch of $100M Litecoin Treasury Strategy and Movement into Active Capital Market...
Coverage Details
Total News Sources16
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
Factuality
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