---
title: "Listed company MEI Pharma completes $100 million private placement, to be used for Litecoin strategic reserves"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249677788.md"
description: "MEI Pharma has completed a $100 million private placement, selling 29,239,767 shares at $3.42 each. The funds will be allocated to establish a Litecoin strategic reserve. Additionally, Charlie Lee, the founder of Litecoin and lead investor in the placement, will join the board, and GSR will act as the digital asset consultant for the reserve strategy."
datetime: "2025-07-23T02:01:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249677788.md)
  - [en](https://longbridge.com/en/news/249677788.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249677788.md)
generator: "portal-rs"
---

# Listed company MEI Pharma completes $100 million private placement, to be used for Litecoin strategic reserves

Odaily Planet Daily News: MEI Pharma announced the completion of a $100 million private placement financing, selling 29,239,767 common shares or equivalent prepaid warrants at $3.42 per share. The proceeds will be used to establish a Litecoin strategic reserve. The company also appointed Charlie Lee, the founder of Litecoin and the lead investor in this private placement, to join the board of directors and appointed GSR as its digital asset and fund management consultant to oversee the execution of the Litecoin reserve strategy. (businesswire)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**