Simon Koster appointed to Grayscale Litecoin Trust board as Matthew Kummell steps down

Grayscale Litecoin Trust (OTC:LTCN), currently valued at $207.36 million, announced Monday that Simon Koster has been appointed to the board of GSO Intermediate Holdings Corporation, replacing Matthew Kummell, who has stepped down as director. The trust’s shares have declined nearly 10% over the past week, according to InvestingPro data. The changes were disclosed in a press release statement and detailed in a filing with the Securities and Exchange Commission.

Koster currently serves as Chief Strategy Officer at Digital Currency Group, Inc. (DCG), where he leads the investment team managing a portfolio of digital assets, subsidiaries, and over 250 early-stage companies in more than 35 countries. His previous roles at DCG include CEO of Real Estate, overseeing internal and external ventures, and CEO of The Collective. Before joining DCG, Koster spent a decade at JDS Development Group, focusing on residential, hospitality, and mixed-use projects in New York City and Miami. He holds a Bachelor of Science from Rutgers University and a Master’s degree in Engineering from the University of Michigan.

Koster also serves on the boards of Foundry and Luno since 2023, Fortitude since 2024, and Yuma since 2025. Each of these companies is affiliated with Grayscale.

The board transition was approved by GSO Intermediate Holdings Corporation, the sole managing member of Grayscale Operating, LLC, which is the sole member of Grayscale Investments Sponsors, LLC, the sponsor of Grayscale Litecoin Trust.

The information is based on a statement released by the company and disclosed in a recent SEC filing. For deeper insights into LTCN’s performance metrics and additional analysis, including more than 6 key ProTips, investors can access comprehensive data through InvestingPro.

In other recent news, Grayscale Stellar Lumens Trust announced the private sale of 15,000 shares to accredited investors. This transaction was conducted under Rule 506(c) of Regulation D of the Securities Act of 1933, allowing for an exemption from registration for private placements. The shares were sold at various prices, determined by the trust’s net asset value per share. The total sale represented 1,283,889.5114356 Stellar Lumens (XLM), with an aggregate value of $534,986. These developments were disclosed in a filing with the Securities and Exchange Commission.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.