According to Business Wire, MEI Pharma (NASDAQ: MEIP) announced the completion of a $100 million private placement, with plans to use the funds to purchase Litecoin (LTC) as a financial reserve asset.
The move reportedly makes MEI the first company to list on a national exchange and hold Litecoin. Litecoin founder Charlie Lee joined MEI's board of directors, and digital asset agency GSR was hired as a financial management advisor. The financing was issued at $3.42 per share for about 29.24 million shares, with participation from the Litecoin Foundation and several investment institutions.
Listed company MEI Pharma completes $100 million private equity financing to include Litecoin in financial reserves
2025-07-23 02:14:51
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