Lite Strategy Leads $1M Strategic Investment in LitVM on June 20

LTC-0.31%
According to Globenewswire, on June 20, Lite Strategy, a Nasdaq-listed Litecoin treasury company, led a $1 million strategic investment in LitVM. The investment grants Lite Strategy governance participation rights and potential future token subscription opportunities. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin. The new funding will support LitVM's mainnet launch and enable it to introduce smart contract capabilities and programmable applications to Litecoin.
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