Why Litecoin Soared Over the Weekend [Yahoo! Finance]
MEI Pharma, Inc. (MEIP)
Last mei pharma, inc. earnings: 2/6 04:02 pm
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Source: Yahoo! Finance
The timing comes as Bitcoin hovers around an all-time high and companies like Trump Media add crypto to their books. 10 stocks we like better than Litecoin › Litecoin (CRYPTO: LTC) is on the rise. As of 3:19 p.m. ET on Monday, the crypto was up 12.6% from last Friday at 4 p.m. ET. MEI Pharma announced on Friday that it will initiate a $100 million private placement in order to pursue a Litecoin accumulation strategy. The company also appointed Charlie Lee, the creator of Litecoin, to its board. Following in the footsteps of companies like Strategy (formerly known as MicroStrategy), Trump Media , and GameStop , MEI Pharma will raise money in order to add a large amount of cryptocurrency to its books, betting that it will appreciate significantly over time. However, MEI's choice of Litecoin is unique; it will be the first publicly traded company on a major exchange to do so. The announcement came just ahead of Trump Media's announcement that it has purchased an additional $2
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