Lite Strategy Reports First Quarter Fiscal Year 2026 Results, Highlights Successful Launch of $100 Million Litecoin Treasury Strategy and Movement In
November 17, 2025 – San Diego, United States
LITS is the first and only US publicly traded company to gain institutional exposure to LTC, holding 929,548 LTC tokens.
Lite Strategy, Inc. (NASDAQ: LITS) (‘Lite Strategy’ or ‘LITS’) today reported results for its first quarter ended September 30, 2025, and highlighted recent corporate events related to the company’s digital asset treasury strategy as well as its pharmaceutical operations.
Charlie Lee, board member for LITS, said,
“Our first quarter was incredibly successful for LITS.
“We launched our digital treasury strategy, positioning ourselves as the leading public holder of LTC, and updated our corporate profile to reinforce our new focus.
“We recently celebrated Litecoin’s 14th anniversary and its unblemished track record of reliability and uptime.
“LITS provides investors the only US publicly traded company to gain institutional exposure to Litecoin, both for portfolio diversification and long-term value.”
Jay File, CEO and CFO of LITS, said,
“Fiscal year 2026 will showcase the results of the transformative steps taken by Lite Strategy.
“Since the start of our strategic alternatives process in fiscal year 2025, we have prioritized maximizing the value of our assets for stockholders.
“Starting with the successful sale of our clinical asset, ME-344 (now known as WE-868), currently being developed for adults with obesity at Aardvark Therapeutics , and continuing through the close of our $100 million PIPE offering in July 2025 that kicked off our Litecoin digital asset treasury strategy in the first quarter of this fiscal year.”
First quarter fiscal year 2026 and recent highlights
- Raised $100 million in aggregate gross proceeds, commencing the company’s long-term strategic plan with Litecoin as a digital asset treasury reserve asset.
- Officially became the first US-listed public company to adopt Litecoin as a primary reserve asset with the acquisition of 929,548 Litecoin (LTC) tokens, implementing a new strategy built on a digital asset infrastructure and long-term capital innovation.
- Entered into a strategic partnership with GSR, a leading crypto investment firm, to guide LITS’ digital asset treasury strategy, ensuring robust governance, execution and market expertise.
- Brought on world-class board members, Charlie Lee, creator of Litecoin, and Joshua Riezman, US chief strategy officer at GSR.
- Rebranded from MEI Pharma to Lite Strategy, including changing the company’s corporate name and NASDAQ stock market ticker from MEIP to LITS, and unveiling a new corporate logo and website. The rebranding underscores the company’s commitment to building a long-term corporate strategy around LTC as its primary reserve asset.
- In October, announced a $25 million share repurchase program, advancing LITS from the initial phase of Litecoin accumulation to active capital market operations and allowing LITS to leverage our nearly one million LTC treasury a key differential from passive investment structures like exchange-traded funds.
Jay File added,
“As we progress further into fiscal year 2026, we continue to evaluate our clinical assets including the commencement of pre-clinical studies with voruciclib in non-oncology disease indications for potential licensing to third parties and pursuing licensing or sale opportunities with zandelisib.
“We will consider opportunities to deploy our recently announced $25 million stock buyback program until our discount to NAV is normalized.
“We look forward to executing on all our corporate objectives as we progress through fiscal year 2026.”
As of September 30, 2025, the company had $12.21 million in working capital with no outstanding debt.
To learn more about Lite Strategy, visit the company’s homepage .
To learn more about Litecoin and its role in Lite Strategy’s treasury, visit the ‘about Litecoin’ page here .
To learn more about the transaction with Aardvark, read the Form 8-K filing here .
For current holdings and related company metrics, visit Lite Strategy’s dashboard .
About Lite Strategy, Inc. (LITS)
Lite Strategy, Inc. (NASDAQ: LITS) is the first US publicly traded company to adopt Litecoin as its primary reserve asset.
Formerly MEI Pharma, the company has expanded its business model beyond its portfolio of drug candidates to focus on pioneering institutional-grade digital asset treasury strategies, in partnership with leading innovators across blockchain, finance and technology.
Contact
Justin J File , CEO and CFO of Lite Strategy, Inc.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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