MEI Pharma’s $100M Litecoin Investment and Strategic Move with Charlie Lee

In a groundbreaking move, MEI Pharma has invested $100 million in Litecoin (LTC), becoming the first U.S.-listed company to adopt Litecoin as its primary reserve asset. The pharmaceutical giant acquired 929,548 LTC between July 30 and August 4, 2025, at an average price of $107.58 per coin. With Litecoin's price rising to $124, the investment is now valued at approximately $115 million, showcasing significant unrealized gains. Additionally, MEI Pharma has appointed Charlie Lee, the creator of Litecoin, to its board, signaling a strong commitment to the cryptocurrency's future. This strategic investment highlights the growing acceptance of digital assets in traditional sectors and could pave the way for further institutional adoption of Litecoin. The move also reflects confidence in Litecoin's long-term potential, as MEI Pharma positions itself at the intersection of biotech and blockchain innovation.

MEI Pharma Invests $100M in Litecoin, Adds Charlie Lee to Board

MEI Pharma has made a bold entry into the cryptocurrency space by acquiring $100 million worth of Litecoin (LTC), marking the first instance of a U.S.-listed company adopting Litecoin as its primary reserve asset. The pharmaceutical firm purchased 929,548 LTC between July 30 and August 4 at an average price of $107.58, with the holdings now valued at approximately $115 million amid Litecoin's rise to $124.

The investment was facilitated by a $100 million private placement led by Litecoin creator Charlie Lee and trading firm GSR. Lee has joined MEI's board, replacing Taheer Datoo, while GSR will oversee the company's crypto treasury. Other participants in the funding round included the Litecoin Foundation, ParaFi, Hivemind, Primitive, RLH Capital, and Delta Blockchain.

MEI cited Litecoin's 13-year operational history, low transaction fees, and rapid settlement times as key factors in its decision. The token's integration with platforms like BitPay, PayPal, and Robinhood further underscored its utility. While the company hinted at potential ventures into Litecoin mining, it confirmed that its Core drug development programs, including the experimental cancer treatment voruciclib, remain unchanged.

Titan Partners Group acted as the sole placement agent, with legal counsel provided by Morgan, Lewis & Bockius LLP for MEI and Lucosky Brookman LLP for the placement.

Polygon (POL) Leads CoinDesk 20 Higher with 4.1% Gain

The CoinDesk 20 Index edged up 0.2% to 3754.73, with Polygon's POL token spearheading the advance. Fourteen of the index's twenty constituents posted gains in the session.

POL surged 4.1% while Bitcoin Cash followed with a 2.2% rise. The rally contrasted with laggards Litecoin and Stellar, which fell 3.3% and 1.4% respectively.

Traded across multiple global platforms, the CoinDesk 20 serves as a benchmark for the digital asset market's performance. Today's movement reflects renewed appetite for layer-2 solutions amid broader crypto market stability.

Crypto Market Stabilizes with Mixed Performances: Bitcoin Holds $115K, PUMP Surges 10%, Litecoin Dips 5%

Bitcoin's price hovers near the $115,000 resistance level, failing to sustain momentum above $115,322. ethereum mirrors this consolidation, trading steadily around $3,600. Market uncertainty persists as technical indicators signal caution, keeping traders alert.

Pump.fun's memecoin defies the trend with a 10% surge, despite a 22.79% drop in trading volume to $449.68 million. The token's growing market share suggests accumulating investor interest.

Litecoin retreats 5% after recent gains, with its market cap now at $8.85 billion. Trading volume plummeted 47.33% to $1.01 billion, reflecting weakened momentum.

Ineminer Launches Free Cloud Mining Platform Amid Institutional Crypto Boom

Ineminer has unveiled a cloud mining service allowing users to mine Bitcoin and other cryptocurrencies without hardware requirements. The platform offers a $100 sign-up bonus, positioning itself as an accessible entry point for retail investors during a period of heightened institutional interest in digital assets.

The approval of bitcoin ETFs and participation from firms like BlackRock and Fidelity have marked 2025 as a pivotal year for cryptocurrency adoption. While institutional players dominate ETF trading, Ineminer's mobile-first solution caters to individuals seeking alternative exposure through mining.

The service supports multiple cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Dogecoin, leveraging AI to simplify the mining process. This development reflects the growing diversification of crypto investment vehicles beyond traditional exchange-traded products.

XRP and SOL Holders Shift to ALL4 Mining Amid Bitcoin Downturn

As Bitcoin's decline reverberates across the crypto market, holders of XRP and solana are quietly migrating to ALL4 Mining, a platform promising consistent daily yields of up to $10,000 through computational contracts. The service bypasses traditional staking, offering short-term digital contracts that activate computing resources without requiring token liquidation.

ALL4 Mining distinguishes itself with zero management fees, McAfee-secured operations, and a multi-currency payment system spanning Doge to USDC. Referral incentives amplify its appeal—users can earn $40,000 for successful sign-ups alongside a $15 instant registration bonus. This pivot reflects growing appetite for yield mechanisms decoupled from spot market volatility.