Lite Strategy unveils $25M stock buyback initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2025
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Share Repurchase Program: Lite Strategy's Board of Directors has authorized a $25 million share repurchase program for its Common Stock, effective immediately, allowing for purchases in the open market or through negotiated transactions.
Enhancing Stockholder Value: Board Member Joshua Riezman emphasized that the program aims to enhance stockholder value and provides flexibility to buy back shares when trading at a discount to mNAV, or to raise capital when trading at a premium.
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About LITS
Lite Strategy, Inc., formerly MEI Pharma, Inc., is a Litecoin treasury company. The Company accumulates pure LTC through active treasury management and concentrates holdings per share as the ultimate metric of shareholder value. It is a clinical-stage pharmaceutical company focused on the development of differentiated cancer therapies intended to improve outcomes for patients. Its approach to oncology drug development is to evaluate its drug candidates in combination with standard-of-care therapies to overcome known resistance mechanisms and address clear medical needs. The portfolio of drug candidates includes voruciclib, an oral cyclin-dependent kinase 9 (CDK9) inhibitor, and zandelisib, an oral, once-daily, selective PI3Kd inhibitor. Voruciclib is a selective orally administered CDK9 inhibitor with potential to treat both hematological malignancies and solid tumors. Voruciclib, a selective orally administered inhibitor of CDK9, is in clinical development for acute myeloid leukemia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Lite Strategy Unveils $25 Million Stock Buyback Initiative
Share Repurchase Program Announcement: Lite Strategy, Inc. (LITS) has authorized a share repurchase program for up to $25 million of its common stock.
Immediate Effectiveness: The repurchase program is effective immediately and allows for shares to be bought back in the open market or through negotiated transactions.
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