Its a dangerous game to fund stock buybacks by selling your primary reserve asset - but one Litecoin company just pulled it off without using a dime of debt

What happened

The company sold part of its treasury without debt, while its share count only narrowly outpaced an 11.89% LTC decline. Lite Strategy, a Nasdaq-listed company that holds Litecoin as its primary reserve asset, spent about $5.4 million repurchasing roughly 4.9 million shares.