MEI

Own_Entertainment164

Haha I suppose it's a good idea to have at least one in storage. The spike is most likely due to MEI Pharma adopting Litecoin as its primary treasury reserve asset (they now hold 929,548 tokens). They began purchasing the Litecoin July 30th, stopped on August 4th, and then made the announcement on August 5. Also, on July 29th the SEC delayed their decision to approve Grayscale's Litecoin ETF proposal until October 10th. Put this in your calendar because an SEC approval would legitimize LTC as an institutional-grade asset and likely cause a significant price increase for Litecoin. Now while MEI Pharma is considering it an institutional-grade asset we have to consider that Charlie Lee, the creator of Litecoin, is an investor in MEI and is on the board of directors.

Luchevlu

More LTC, MEI pharma invest 100 million in it and Luxxfolio holding adding more. Plus, in top transaction volume 😁

uncapchad

there's always a reason, if you care to look *Speculation over a spot ETF is growing, with Bloomberg analysts estimating a 90% chance of approval due to litecoin's commodity classification*. That puts LTC in the same camp as ETH and BTC. Which in turn means that companies could look at it as another Treasury option. MEI Pharma disclosed a $100 million litecoin allocation last month, echoing early bitcoin treasury moves and giving LTC a new angle as a low-beta treasury asset

Tommy-Bumaye

Litecoin is about to break out 10× 10. Oct. 2025 comes etf decision Charts are positive Luxxfolio (Canadian company) invests in Ltc as a reserve strategy like MicroStrategy invests in BTC MEI Pharma invests 200 Mio in Litecoin as reserve In the last 18 months over one million new LTC wallets were created and there are currently over 8 million active LTC wallets

Flix1

MEI Pharma investing 100m in LTC for its treasury.

Zidanakamoto

"MEI Phrama is the silver to MSTR's gold"

losh11

MEI Phrama is aiming to be the MicroStrategy of Litecoin. Huge news for a "dino coin".

RipperX4

He's literally on the board at MEI pharma. Do people even do 5 seconds of research these days before posting their zero critical thinking opinions?

MichaelAischmann

He works for LTC, not MEI Pharma. Do people have zero critical thinking skills these days?

MichaelAischmann

1) "MEI Pharma raises $100M to launch a Litecoin treasury strategy" doesn't mean they buy it in one week, month or even in the same year. 2) They will most likely buy OTC. 3) Whatever the market knows gets priced in almost immediately. Therefore I do not expect a big reaction.

Flipmode45

MEI Pharma announces $100,000,000 Private Placement to initiate Litecoin Treasury Strategy.