MEI Pharma is making headlines with the announcement of a bold new Litecoin treasury strategy. The move, confirmed on Friday, positions MEI as the first publicly traded company to adopt Litecoin as a primary treasury reserve asset.
In a press release, the company announced a $100 million private investment at $3.42 per share. As part of the deal, Charlie Lee, creator of Litecoin, will join MEI’s Board of Directors, replacing Taheer Datoo.
MEI has also appointed GSR as its digital asset and treasury advisor to help launch its new Litecoin Treasury…
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