LTC Soars as MEI Pharma’s $100M Treasury Move Signals Institutional Adoption
Litecoin (LTC) has experienced a significant surge, climbing 14% to $126.13 following a groundbreaking corporate adoption move by MEI Pharma. The biopharmaceutical company announced a $100 million purchase of 929,548 LTC, marking the first time a public company has added Litecoin to its strategic reserves. This bold acquisition, executed at $107.58 per coin, underscores growing institutional confidence in cryptocurrencies beyond Bitcoin. The news triggered a weekly surge of 14.08% and propelled trading volume to $2.41 billion, highlighting renewed market enthusiasm for LTC. As of August 10, 2025, this development positions Litecoin as a frontrunner in institutional crypto adoption, with potential for further price appreciation as more corporations consider diversifying into digital assets.
Litecoin Surges 14% as MEI Pharma's $100M Treasury Move Sparks Institutional Interest
Litecoin rallied to $126.13 amid a landmark corporate adoption play. MEI Pharma's $100 million purchase of 929,548 LTC marks the first public company to add the cryptocurrency to its strategic reserves, triggering a 14.08% weekly surge.
The biopharma firm's acquisition at $107.58 per coin demonstrates growing institutional confidence in digital assets beyond Bitcoin. Trading volume spiked to $2.41 billion as the news broke, with market capitalization holding at $9.39 billion.
Technical analysts now eye the $250 resistance level, contingent on LTC maintaining support above $64. The move follows a broader trend of corporations diversifying treasuries into crypto assets, with Litecoin emerging as a preferred alternative store of value.
Trump Signs Anti-Debanking Order, a Win for Crypto Industry
President Donald TRUMP has signed an executive order titled 'Guaranteeing Fair Banking for All Americans,' effectively halting what critics called 'Operation Chokepoint 2.0.' The order prohibits federal agencies from pressuring banks to deny services to entire industries, including the digital assets sector. This move is seen as a significant victory for crypto firms that have faced systemic exclusion from traditional financial services.
For years, the FDIC allegedly encouraged banks to sever ties with clients involved in cryptocurrency transactions. Venture capitalist Nic Carter and others accused regulators of covertly strong-arming financial institutions into cutting off crypto businesses—a trend that intensified after the collapses of Silvergate, Signature, and Silicon Valley Bank. While the executive order curbs broad-based debanking, legal experts caution that regulators may still target individual companies under the guise of risk management.
The crypto community has welcomed the policy shift, though skepticism remains. Banks may continue denying services by framing politically motivated decisions as routine risk assessments. The order marks a pivotal moment for Bitcoin, Ethereum, and other digital assets striving for mainstream financial integration.
Litecoin Price Retreats to $118 Despite Breaking Multi-Year Resistance
Litecoin's recent price action reflects a market grappling with competing forces. After surging past a three-year consolidation pattern on August 5th, LTC now trades at $118.33—a 5.33% decline from yesterday's peak. The breakout, which saw prices climb 10.85% in a single day, suggests a potential long-term trend reversal.
Growing institutional interest appears to be the driving force behind Litecoin's resurgence. ETF approval speculation and the recent halving event—which reduced miner rewards by 50%—are creating bullish fundamentals. Historically, such supply shocks have preceded sustained upward momentum in crypto assets.
Technical indicators paint a neutral picture. With an RSI of 60.14, Litecoin shows room for further upside despite the current pullback. The coin's outperformance against Bitcoin and Dogecoin last week underscores its renewed market relevance.
