Grayscale Litecoin Trust (LTC), a cryptocurrency investment vehicle, announced the private placement of 242,900 new shares, raising a total of $2.3 million. This latest issuance took place on January 9, 2025, as part of a series of ongoing private placements to accredited investors.
The newly issued shares, priced according to the Trust's Net Asset Value (NAV) per share, represent an aggregate of 20,482.83821511 Litecoin (LTC), the cryptocurrency that underlies the Trust's assets. With these additional shares, the total number of shares issued and outstanding as of today stands at 24,137,200.
The news above is based on an SEC filing.
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