Q3 FY2026 EarningsLite Strategy (LITS) repurchased 4.9 million shares (13% of outstanding) at an average price of $1.11 since December 2025, narrowing the NAV discount from over 40% to below 25%. As of July 17, 2026, the company held 819,070 LTC against 31.88M shares, effectively increasing Litecoin backing per share. The $5.4M buyback was funded entirely via treasury operations (LTC sales and covered calls) with no debt incurred. FY26 preliminary cash stood at $5.7M against $1.1M in liabilities.