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 milli...