Litecoin Treasury Company Lite Strategy Leads $1 Million Strategic Investment in LitVM

Odaily reported that Lite Strategy, a Nasdaq-listed Litecoin treasury company, has announced leading a $1 million strategic investment in LitVM. The investment also grants governance participation rights and potential future token subscription opportunities. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin. The new funds will support its ability to introduce smart contract capabilities and a programmable application layer for Litecoin after its mainnet launch. (Globenewswire)