Lite Strategy (Nasdaq: LITS) ramps up LTC yield strategy and $25M buyback plan

Rhea-AI Filing Summary

Lite Strategy, Inc. reported fiscal 2026 third quarter results, emphasizing its strategy of using Litecoin (LTC) as its primary treasury reserve asset and returning capital to shareholders. The company highlighted its active covered call options program, which has generated $0.7 million in net proceeds since October 2025.

Lite Strategy deployed covered call proceeds and 35,250 LTC to repurchase 1,629,136 shares under a broader $25 million share repurchase authorization, reflecting a focus on capital discipline and net asset value per share. Management also noted ongoing pre-clinical pharmaceutical programs as potential sources of non-dilutive capital.

The company framed recent Securities and Exchange Commission guidance indicating Litecoin exhibits digital commodity characteristics as a meaningful step toward regulatory clarity. Looking ahead, Lite Strategy plans to scale its options program, continue repurchases, and pursue strategic investments and partnerships that support broader Litecoin ecosystem growth.

Insights

Digital assets and capital allocation analyst

Lite Strategy doubles down on LTC-based treasury yield and buybacks.

Lite Strategy is positioning itself as an actively managed Litecoin exposure vehicle rather than a passive holder. The covered call options program generated $0.7 million in net proceeds since October 2025, showing the company is monetizing LTC volatility to create recurring yield.

Management has redeployed options proceeds and 35,250 LTC to repurchase 1,629,136 shares, tied to a broader $25 million authorization. This directly links LTC treasury activity to capital returns, but ultimate results depend on Litecoin price, option market conditions, and execution of the program over time.

Updated SEC guidance that Litecoin exhibits digital commodity characteristics may ease some regulatory concerns, yet the text explicitly notes that full certainty still requires further legislative action. Future company updates on repurchase utilization, LTC holdings per share, and any monetization of pharmaceutical assets will be important for understanding this hybrid digital-asset and biotech strategy.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Covered call proceeds: $0.7 million LTC used for repurchases: 35,250 LTC Shares repurchased: 1,629,136 shares +1 more

4 metrics

Covered call proceeds $0.7 million Net proceeds from LTC covered call program since October 2025

LTC used for repurchases 35,250 LTC Deployed alongside options proceeds for share repurchases

Shares repurchased 1,629,136 shares Cumulative repurchases since program inception in October 2025

Repurchase authorization $25 million Total share repurchase authorization referenced by management

Key Terms

covered call options program, treasury reserve asset, digital commodity, share repurchase authorization, +2 more

6 terms

covered call options program financial

"Successfully continued the Company’s covered call option program, generating $0.7 million in net proceeds"

treasury reserve asset financial

"the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserve asset"

Assets held by a government or corporate treasury as a ready backup to meet short-term obligations and stabilize finances, typically including cash, foreign currencies, short-term government bonds, or gold. Think of it as an emergency fund a household keeps to pay bills during a crisis; for investors, the size and composition of these reserves indicate how well an issuer can weather shocks, honor debt, support its currency, and maintain financial stability.

digital commodity regulatory

"guidance indicating that LTC exhibits the characteristics of a digital commodity"

A digital commodity is a scarce, tradable digital asset or service — such as certain cryptocurrencies, data streams, computing power, or bandwidth — treated like a raw material whose value is driven by supply and demand. Think of it like oil or wheat but measured in bits: investors care because its price can rise or fall with utility, scarcity, and market sentiment, and because it may carry different risks from physical commodities, including technology changes and regulatory shifts.

share repurchase authorization financial

"executing on its $25 million share repurchase authorization"

A share repurchase authorization is a company's official approval to buy back its own shares from the market. This signals that the company believes its stock is a good investment and can help increase the value of remaining shares by reducing how many are available. For investors, it often suggests confidence from the company and can influence the stock’s price.

forward-looking statements regulatory

"Certain information contained in this press release that are not historical in nature are “forward-looking statements”"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

non-dilutive capital financial

"pre-clinical development programs in non-oncology disease indications as a potential source of non-dilutive capital"

Funding that does not require a company to issue new shares or reduce existing owners’ percentage of ownership, such as grants, certain loans, licensing deals, or customer prepayments. It matters to investors because it preserves each shareholder’s stake and per-share value—like getting a loan or a gift instead of selling part of the company—while still carrying obligations (repayment, milestones, or restrictions) that can affect future cash flow and growth.

FAQ

What did Lite Strategy (LITS) announce in its fiscal 2026 third quarter update?

Lite Strategy reported fiscal 2026 third quarter results and highlighted progress on its Litecoin-focused treasury strategy. It emphasized yield from a covered call options program, aggressive share repurchases funded with LTC and options proceeds, and ongoing development of pharmaceutical assets as potential non-dilutive capital sources.

How much has Lite Strategy generated from its Litecoin covered call options program?

Lite Strategy’s covered call options program on Litecoin has generated about $0.7 million in net proceeds since October 2025. This program is a core part of its active treasury strategy, aiming to turn LTC holdings into a recurring yield-generating reserve asset for shareholders.

How many shares has Lite Strategy repurchased and how much LTC was used?

Since launching its repurchase program in October 2025, Lite Strategy has repurchased 1,629,136 shares, funded with covered call proceeds and 35,250 LTC. Management frames this dual deployment as disciplined capital allocation intended to support net asset value per share over time.

What size is Lite Strategy’s authorized share repurchase program?

Lite Strategy referenced an ongoing $25 million share repurchase authorization. The company is using both net proceeds from its covered call options program and portions of its Litecoin holdings to execute buybacks, linking its digital-asset strategy directly to capital returns for shareholders.

How did recent SEC guidance affect Lite Strategy’s view of Litecoin (LTC)?

The company noted SEC guidance indicating Litecoin exhibits digital commodity characteristics, similar to Bitcoin’s treatment. Lite Strategy sees this as a significant incremental step toward regulatory clarity, which may reassure corporate treasuries and asset managers considering LTC exposure, though full certainty still requires legislative action.

What are Lite Strategy’s strategic priorities going forward?

Lite Strategy plans to scale its covered call options program, continue executing its $25 million share repurchase authorization, and evaluate strategic investments and partnerships. Management emphasizes growing LTC holdings per share and supporting broader Litecoin ecosystem adoption beyond pure treasury management activities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Accepted by SEC EDGAR 05/13/2026 - 08:35 AM Learn about SEC filing dates

false000126210400012621042026-05-132026-05-13

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 13, 2026

Lite Strategy, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-41827	51-0407811
(State or other jurisdiction of incorporation)			(Commission File Number)	(IRS Employer Identification No.)
9920 Pacific Heights Blvd., Suite 150
San Diego, California				92121
(Address of principal executive Offices)				(Zip Code)

Registrant’s telephone number, including area code: 858 369-7100

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.00000002 par value		LITS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 13, 2026, Lite Strategy, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended March 31, 2026. The text of the press release is included as an exhibit to this Current Report on Form 8-K. The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Press Release issued by Lite Strategy, Inc., dated May 13, 2026.
104		Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			LITE STRATEGY, INC.
Date:	May 13, 2026	By:	/s/ Justin J. File
			Chief Executive Officer, Chief Financial Officer and Secretary

Lite Strategy Reports Fiscal 2026 Third Quarter Results

Lite Strategy Continues to Deliver Recurring Yield on Litecoin Holdings and Advance Share Repurchase Program

SAN DIEGO, CA, May 13, 2026 – Lite Strategy, Inc. (Nasdaq: LITS) (“Lite Strategy” or the “Company”), the first U.S. public company to adopt Litecoin (LTC) as its primary treasury reserve asset, today announced financial results for the fiscal 2026 third quarter ended March 31, 2026.

Business and Financial Highlights:

•Active Treasury Management: Successfully continued the Company’s covered call option program, generating $0.7 million in net proceeds since October 2025 and further demonstrating Lite Strategy’s ability to transform its LTC holdings into a yield-generating reserve asset and differentiate itself from passive investment vehicles.

•Share Repurchase Program: Deployed covered call proceeds and 35,250 LTC repurchasing 1,629,136 shares since the program’s inception in October 2025. This dual deployment mechanism reflects management’s commitment to disciplined capital allocation and reducing the discount to NAV.

•Pharmaceutical Operations: Continued advancement within our pre-clinical development programs in non-oncology disease indications as a potential source of non-dilutive capital through out-licensing or sale.

CEO Commentary:

“The third quarter represented another meaningful step forward in executing our strategy, generating yield on our LTC holdings while taking deliberate action to build lasting value for shareholders,” said Jay File, CEO & CFO of Lite Strategy. “Our focus remains on building lasting value through disciplined capital allocation by generating yield on our LTC holdings, returning capital to shareholders, and deepening the institutional credibility of the Litecoin ecosystem. These are the compounding actions we believe drive durable LTC per share growth over the long term.”

Litecoin Ecosystem Outlook

In March 2026, the Securities and Exchange Commission issued updated guidance indicating that LTC exhibits the characteristics of a digital commodity – a significant incremental step toward providing clarity on the commodity versus security distinction that Bitcoin has long benefitted from by virtue of its established market standing. While full regulatory certainty will require further legislative action, this guidance offers meaningful assurance for corporate treasuries and asset managers evaluating LTC exposure.

“Regulatory clarity is the tide that lifts all serious digital assets. The SEC’s guidance indicating Litecoin’s classification as a digital commodity is validation of what its community has known for over a decade that LTC is sound, proven, and purposeful money,” said Charlie Lee, Lite Strategy Board Member.

Strategic Focus

Looking ahead, Lite Strategy plans to continue scaling its covered call options program and executing on its $25 million share repurchase authorization. Lite Strategy is also actively evaluating strategic investments and partnerships focused on driving the acceptance, usage, and overall growth of LTC as a leading digital asset for initiatives that go beyond treasury management and strengthen the entire LTC ecosystem. Management remains focused on growing LTC holdings per share and bridging institutional capital to the Litecoin ecosystem.

About Lite Strategy, Inc.

Lite Strategy, Inc. (Nasdaq: LITS) is the first U.S. publicly traded company to adopt Litecoin (LTC) as its primary treasury reserve asset. Lite Strategy employs an active treasury management strategy including a covered call options program to generate yield on its LTC holdings and create lasting shareholder value. Lite Strategy offers investors regulated, transparent, and actively managed exposure to Litecoin that no ETF or passive vehicle can replicate. Lite Strategy also retains a portfolio of pharmaceutical assets, providing unique strategic optionality independent of digital asset treasury. For more information, visit www.litestrategy.com.

Forward-Looking Statements

Certain information contained in this press release that are not historical in nature are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding our future actions, prospective products and activities, future performance or results. You should be aware that our actual results could differ materially from those contained in the forward-looking statements, which are based on management’s current expectations and are subject to a number of risks and uncertainties, including, but not limited to, risk relating to being able to utilize our repurchase program to repurchase our shares in the market on attractive terms or at all, maintaining our current listing on Nasdaq, our ability to retain and attract senior management and other key employees, fluctuations in the market price of LTC and any associated impairment charges that we may incur as a result of a decrease in the market price of LTC below the value at which LTC is carried on our balance sheet, changes in the accounting treatment relating to our LTC holdings, our ability to achieve profitable operations, government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services including our LTC treasury strategy, the demand for our products and our customers’ economic condition, the impact of competitive products and pricing, our proprietary rights, general economic conditions and other risk factors detailed in our annual report and other filings with the Securities and Exchange Commission. We do not intend to update any of these factors or to publicly announce the results of any revisions to these forward-looking statements.

Contacts:

Investor Relations:
Alliance Advisors IR
Adele Carey
SVP, Investor Relations
investor@litestrategy.com

Public Relations:
Alliance Advisors IR
Fatema Bhabrawala
Director, Media Relations
media@litestrategy.com

Impact3
Patrick Brendel
Director, Public Relations
media@litestrategy.com

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 18.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 24.3 KB