Last Updated on 22nd July, 2025
GSR crypto trading company and the developer of Litecoin (LTC), Charlie Lee, are joining efforts to invest 100 million dollars in a company known as MEI Pharma. This is the first move by a publicly listed company to develop a treasury strategy based on Litecoin.
This investment was done in the form of what is known as a PIPE deal. That is, GSR and others were purchasing shares of MEI Pharma at a discount. The idea is to provide MEI with additional funds towards expanding, and also incorporate Litecoin into the financial plans of the company.
The list of other main crypto companies that joined the investment also includes such names as Litecoin Foundation, Mozayyx, Panafi, HiveMind, Primitive, RLH Capital, Delta Blockchain, and CoinFund.
Charlie Lee is thrilled to the core about this. He said that he would be consulting MEI Pharma and would be a part of its board of managers. He will also collaborate closely with GSR and Litecoin Foundation as part of the effort to expand the Litecoin ecosystem.
GSR will have a large role as well. They will be a co-partner or advisor, as well as a manager of the digital assets of MEI. Another representation of GSR is a member of the MEI board.
According to Quynh Ho, Head of Venture Investment at GSR, big institutions are interested in Litecoin, yet they lack the number of safe and explicit opportunities to invest in Litecoin. The new partnership will help change that and provide investors with a means of adding Litecoin to their portfolio.
According to GSR, this is a big step toward making Litecoin more accepted in the world of professional investing.
According to Charlie Lee, Litecoin is a secure and cheap payment platform that has been in use for more than 14 years. It is accepted in the large-scale transactions carried out on websites such as BitPay. This alliance, according to him, is the first step in taking Litecoin to the realm of chief business.
MEI Pharma also re-evaluated its business strategy, which is currently positioning itself with the plans of Litecoin and GSR with regard to digital assets. On December 31, 2024, MEI has close to twenty-four million dollars in cash reserves and no debt.
Meanwhile, GSR continues to take care of new crypto projects. They have also been occupied in a Polygon-centered program referred to as Katana, but in addition, they have gained license authority on the part of the most beneficial regulators seringly in the UK and Singapore to be legitimately conducted in the suitable territories.
Such a huge investment is an indication that Litecoin is gaining more trust and the attention of large financial institutions.
Currently, Litecoin is at number 26 of the largest cryptocurrencies in terms of value, with a market cap of more than 8 billion dollars. It is currently priced at 106 and has increased by almost 47 percent in the last year.
