๐$๐ญ๐ฌ๐ฌ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ ๐ผ๐๐ฒ ๐ถ๐ป๐๐ผ ๐๐๐ง๐๐๐ข๐๐ก $LTC ?!
๐ ๐๐ ๐ฃ๐ต๐ฎ๐ฟ๐บ๐ฎ is Going AllโIn!
Price jumped 15%
๐ What happened?
MEIโฏPharma, a #Biotech company on Nasdaq (MEIP), is raising $100โฏmillion to buy only Litecoin (LTC) for its company reserves โ like keeping cash, but in crypto!
๐ฅ **Who's on board?**
Theyโve brought in Charlie Lee (the guy who created Litecoin) as a board member, along with GSR, a crypto advisor, to help manage everything.
๐ Why does this matter?
1. Stock shot up ~50โ100% after the news.
2. Litecoin price jumped 15% on the announcement.
3. Itโs the first time a public biotech firm is using Litecoin in its corporate cash strategy โ not Bitcoin, not Ethereum, but Litecoin.
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๐งฉ Why Litecoin?
Fast, low-cost transactions โ great for payments.
Trusted by platforms like BitPay.
Designed to be secure and reliable.