Litecoin (LTC) is experiencing a surge. At 3:19 p.m. Eastern Time on Monday, it had climbed by 12.6% compared to its price at 4 p.m. ET last Friday.
On a recent Friday, MEI Pharma disclosed plans for a $100 million private offering, intending to invest in acquiring Litecoins. Additionally, they’ve invited Charlie Lee, the inventor of Litecoin, to join their Board of Directors.
A bold new strategy
In a move reminiscent of companies such as Strategy (previously MicroStrategy), Trump Media, and GameStop, MEI Pharma plans to acquire substantial amounts of cryptocurrency, specifically Litecoin, with the expectation that its value will increase substantially in the future. Notably, MEI Pharma would be the first publicly traded company on a major exchange to invest in Litecoin in this manner.
I was thrilled to learn that right before Trump Media made the headlines, they announced a staggering $2 billion investment in Bitcoin! As this pioneering cryptocurrency approaches record highs, it’s an exciting time to be part of the digital currency revolution.
Crypto is having a moment
Last week, Bitcoin reached an all-time high, surpassing $120,000 for the very first time. This milestone has sparked excitement within the market, as there is growing anticipation about potential legislation in Congress that could establish a regulatory structure enabling broader crypto integration into traditional banking and finance systems.
Litecoin, similar to many other alternative cryptocurrencies, tends to mirror the price fluctuations of Bitcoin. To be honest, I struggle to find compelling reasons for investing in Litecoin over Bitcoin.
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2025-07-21 22:31