MEI Pharma Adds Litecoin to Its Treasury Reserve

Litecoin made headlines this week after MEI Pharma, a publicly listed pharmaceutical firm, announced the creation of a $100 million LTC treasury.

The move was announced on July 18 and received support from Titan Partners Group and the crypto investment firm GSR.

According to the announcement, the Treasury Reserve had already received over $100 million in commitments.

The Litecoin Foundation, a nonprofit organization that supports the growth and adoption of LTC, has also joined the initiative as an investor.

This marked the first time Litecoin had been used in a corporate treasury of this scale.

In comparison, other top altcoins, such as Ethereum and XRP, are integrated into various corporate treasuries.

The company stated that the decision aligns with the broader strategy of increasing the role of cryptocurrency in institutional finance.