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MEI Pharma Acquires Litecoin, Launches $100M Institutional Treasury Strategy with Charlie Lee and GSR Advising

1. MEI Pharma acquires 929,548 LTC tokens, valued at $110.4 million. 2. First U.S. public company to adopt Litecoin as a reserve asset.

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FAQ

Why Bullish?

MEI’s unique position as the first U.S. public company using LTC could drive investor interest, similar to companies adopting cryptocurrencies in their treasury strategies in the past, like Tesla and Square. This resonates well with current trends favoring digital assets.

How important is it?

The significant announcement surrounding MEI's innovative treasury strategy underscores a major shift towards cryptocurrency integration, which may attract attention from long-term investors and analysts monitoring new asset strategies.

Why Long Term?

The strategic adoption of digital assets may position MEI for future financial flexibility and potential growth as cryptocurrencies become increasingly institutionalized assets, akin to Bitcoin adoption trends observed since 2020.

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LTCTSLASQ
SAN DIEGO--(BUSINESS WIRE)--MEI Pharma, Inc. (NASDAQ: MEIP) (“MEI” or “the Company”) today announced the acquisition of 929,548 Litecoin (LTC) tokens at an average price of $107.58, successfully launching a major institutional treasury strategy with the LTC treasury now valued at approximately $110.4 million as of August 4, 2025. MEI becomes the first U.S.-listed public company to adopt Litecoin as a primary reserve asset, implementing a new strategy built on digital asset infrastructure and lo.

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