{"id":40548,"date":"2025-08-05T15:01:36","date_gmt":"2025-08-05T15:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40548"},"modified":"2025-08-05T15:01:36","modified_gmt":"2025-08-05T15:01:36","slug":"mei-pharma-chooses-not-bitcoin-not-ethereum-but-litecoin-as-treasury-asset","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40548","title":{"rendered":"MEI Pharma Chooses Not Bitcoin, Not Ethereum, But Litecoin As Treasury Asset"},"content":{"rendered":"<div>\n<p>San Diego-based <strong>MEI Pharma<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MEIP#NASDAQ\">MEIP<\/a>) has acquired 929,548 <strong>Litecoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/ltc\/usd\">LTC<\/a>) tokens, becoming the first U.S.-listed public company to adopt Litecoin as its <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46497183\/first-strategy-now-mei-pharma-litecoin-joins-bitcoin-as-treasury-asset\">primary treasury reserve asset<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>The acquisition, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250805082856\/en\/MEI-Pharma-Acquires-Litecoin-Launches-%24100M-Institutional-Treasury-Strategy-with-Charlie-Lee-and-GSR-Advising\">valued<\/a> at approximately $110.4 million as of Aug. 4, marks the launch of a $100 million institutional treasury strategy in collaboration with crypto market maker <strong>GSR <\/strong>and Litecoin creator <strong>Charlie Lee<\/strong>.<\/p>\n<p>The company said it purchased the LTC tokens at an average price of $107.58, positioning the crypto asset as a strategic alternative to traditional reserve holdings. <\/p>\n<p>The move follows a broader trend of public firms exploring digital assets as part of long-term capital diversification.<\/p>\n<p>\u201cLitecoin has long embodied sound, scalable, and decentralized money,\u201d said Charlie Lee, who also sits on MEI\u2019s board. &#8220;By initiating this strategy, MEI is taking a clear, institutional step &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/46859895\/mei-pharma-chooses-not-bitcoin-not-ethereum-but-litecoin-as-treasury-asset\" alt=\"MEI\" pharma chooses not bitcoin ethereum but litecoin as treasury asset>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>San Diego-based MEI Pharma (NASDAQ:MEIP) has acquired 929,548 Litecoin (CRYPTO: LTC) tokens, becoming the first U.S.-listed public company to adopt Litecoin as its primary treasury reserve asset. What Happened: The acquisition, valued at approximately $110.4 million as of Aug. 4, marks the launch of a $100 million institutional treasury strategy in collaboration with crypto market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40548","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40548"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40548\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}