based on materials from the site - By Optimisus

GSR led a private placement of MEI Pharma, a Nasdaq-listed company, for $100 million to jointly launch the first institutional investment strategy in Litecoin treasury bonds with Charlie Lee.

GSR, a partner in the cryptocurrency capital markets, today announced an investment and strategic partnership with MEI Pharma, Inc. (NASDAQ:MEIP) ('MEI'), under which the company will act as a strategic advisor and digital asset treasury manager. The $100 million private investment in public equity (PIPE) in MEI represents an important step toward the institutionalization of Litecoin as a treasury asset.
GSR will work closely with Litecoin (LTC) creator Charlie Lee, who has deep technical knowledge and a long-term vision for the development of Litecoin, with support from the Litecoin Foundation. Lee and the GSR representative appointed will also join the board of directors of MEI. This initiative follows MEI's previously announced review of strategic alternatives and reflects its new mission aligned with the Litecoin Foundation and GSR's digital asset management platform.

"Litecoin has consistently provided a stable, low-cost, and accessible network for over a decade," said Charlie Lee, the creator of Litecoin. "With the leading global transaction volume on platforms like BitPay, Litecoin is trusted by users and integrated into retail and payments. The partnership with GSR and MEI embodies this functionality and mission in an institutional environment for the first time."
MEI's management is initiating this strategic shift, viewing the partnership as a bridge between public markets and crypto-native innovations. With GSR acting as an asset manager and implementation partner, MEI will have all the capabilities to manage LTC as a treasury asset.

"This initiative is the first instance where a public company aligns its treasury strategy with Litecoin at an institutional level," said Joshua Ritzman, GSR's Chief Strategy Officer in the U.S. "It reflects growing institutional confidence in the reliability, resilience, and regulatory transparency of LTC."

"There is already significant institutional interest in Litecoin, but there are few mechanisms for safe and structured access to it," said Quinn Ho, GSR's Head of Venture Investments. "These investments aim to fill that gap, providing access to an asset with exceptional viability."

With GSR as an investor, strategic advisor, and asset manager, this collaboration creates potential momentum for future LTC growth in the decentralized finance space. GSR's broader involvement in this area, including the incubation of the Katana protocol on Polygon, underscores its expertise in supporting emerging ecosystems.

Charlie Lee and GSR acted as lead investors, along with participation from the Litecoin Foundation, well-known venture capital firms, and infrastructure providers in the cryptocurrency space, including Mozayyx, Parafi, HiveMind, Primitive, RLH Capital, Delta Blockchain, and CoinFund, as well as other financial institutions.

GSR continues to invest in a broader ecosystem of digital assets, offering capital solutions, liquidity, and strategic consulting services to partners at all stages of growth.

About GSR

GSR is a partner in the cryptocurrency capital market, providing market-making services, institutional-level OTC trading, and strategic venture support to founders and institutional investors. With over a decade of experience, we provide strategic guidance, market analytics, and access to a global network to help teams scale.

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