$50M post-money plus a 2% token warrant is venture math, not ecosystem grant theater. LitVM is pitching an Arbitrum Orbit/BitcoinOS stack with LiteForge already on testnet, so the question is whether Litecoin can source sticky bridge liquidity and app demand instead of just wrapping LTC into another EVM island. If Lite Strategy wants higher LTC per share, the KPI is TVL and fees accruing around LTC, not announcement cadence.

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