Lite Strategy Stock Faces Litecoin Setback
Lite Strategy Inc shares rose 1.7% to $0.83 in midday U.S. trading Wednesday as Litecoin, its core reserve asset, slipped 1.5% to $47.47. The company reported a quarterly net loss of $23.7 million, including an $18.8 million hit from digital asset revaluation. Trading volume reached about 349,000 shares. Lite Strategy’s treasury net asset value per share stood at $1.23.