Lite Strategy, a Litecoin-focused financial services company, has approved a $25 million stock buyback plan.

BlockBeats News, on October 29, US-listed Litecoin crypto treasury company Lite Strategy announced that the board of directors has approved a $25 million stock buyback plan, and the timing and specific number of shares to be repurchased will depend on market conditions.

As of now, the company holds 929,548.46 LTC, with a position value of approximately $92,425,003. Litecoin founder Charlie Lee is a member of the company's board of directors.