Latest news with #Litecoin
Business Wire
20 hours ago
- Business
- Business Wire
MEI Pharma Announces Closing of $100,000,000 Private Placement to Initiate Litecoin Treasury Strategy, Becoming First and Only Publicly Traded LTC Holder on a National Exchange
SAN DIEGO--(BUSINESS WIRE)--MEI Pharma, Inc. (Nasdaq: MEIP) (the 'Company' or 'MEI') today announced that it has closed its previously announced private placement for the purchase and sale of 29,239,767 shares of common stock (or pre-funded warrants in lieu thereof) at a price of $3.42 per share, for aggregate gross proceeds of approximately $100 million. In connection with the closing of the transaction, MEI has appointed Charlie Lee to its Board of Directors (at which time current member Taheer Datoo will resign) and GSR as its digital asset and treasury management advisor to oversee the implementation of its Litecoin Treasury Strategy. Charlie Lee and GSR acted as lead investors, alongside participation from the Litecoin Foundation as well as prominent crypto venture capital firms and infrastructure providers including MOZAYYX, ParaFi, Hivemind, Primitive, RLH Capital & Delta Blockchain, among others. This transaction marks a significant milestone in MEI's long-term strategic plan and establishes MEI as the first and only publicly traded company to adopt Litecoin as a treasury reserve asset. Litecoin (LTC) is a leading peer-to-peer cryptocurrency that was created by Charlie Lee in October 2011. It is often referred to as the "silver to Bitcoin's gold" due to its similarities to Bitcoin. As one of the longest-running blockchains with 100% uptime since its inception, Litecoin has demonstrated a proven track record of growth and reliability with significant enterprise-grade use cases. By integrating Litecoin into its treasury operations, MEI gains access to a decentralized monetary asset that complements its cash management framework. 'Litecoin was designed to be fast, secure, and decentralized – and it's exciting to see those principles now being embraced by a public company like MEI,' said Charlie Lee, Creator of Litecoin. 'This milestone not only reflects growing institutional confidence in LTC but also sets the stage for broader adoption in traditional capital markets.' 'We're thrilled to partner with MEI in building a thoughtful LTC-focused treasury strategy,' said Josh Riezman, US Chief Strategy Officer of GSR. 'Our goal is to help institutions unlock the long-term potential of digital assets while managing risk and maintaining flexibility. This treasury strategy is centered around a completely fair and fully decentralized digital asset with a nearly unparalleled track record as a store of value and means of payment.' 'MEI is pleased to pioneer this innovative public company treasury strategy with GSR and Charlie Lee, the first to our knowledge in the biotech sector,' said Frederick W. Driscoll, Chairman of the Board of MEI. The Company intends to use the funds to acquire the native cryptocurrency of the Litecoin blockchain commonly referred to as 'LTC', which will serve as the Company's primary treasury reserve asset. Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent in connection with the PIPE. Morgan, Lewis & Bockius LLP acted as counsel to the Company and Lucosky Brookman LLP acted as counsel to the placement agent. The offer and sale of the foregoing securities is being made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the 'Securities Act'), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreements, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the 'SEC') registering the resale of the shares of common stock. Any offering of the Company's Common Stock under the resale registration statement will only be made by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. The private placement was conducted in accordance with applicable Nasdaq rules and was priced to satisfy the "Minimum Price" requirement (as defined in the Nasdaq rules). About MEI Pharma MEI Pharma, Inc. (Nasdaq: MEIP) is a pharmaceutical company with a portfolio of several drug candidates that may offer novel and differentiated therapies. The drug candidate pipeline includes voruciclib, an oral cyclin-dependent kinase 9 inhibitor. For more information, please visit Follow us on X (formerly Twitter) @MEI_Pharma and on LinkedIn. Forward-Looking Statements Certain information contained in this press release that are not historical in nature are 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding our future actions, prospective products, future performance or results, including the success of the PIPE transaction and Litecoin strategy, the amount of proceeds to be received by MEI Pharma and the intended use of proceeds from the PIPE transaction, and any assumptions underlying any of the foregoing. You should be aware that our actual results could differ materially from those contained in the forward-looking statements, which are based on management's current expectations and are subject to a number of risks and uncertainties, including, but not limited to, risk relating to maintaining our current listing on Nasdaq, our ability to retain and attract senior management and other key employees, fluctuations in the market price of LTC and any associated impairment charges that we may incur as a result of a decrease in the market price of LTC below the value at which LTC is carried on our balance sheet, changes in the accounting treatment relating to our LTC holdings, our ability to achieve profitable operations, government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services including our LTC treasury strategy, the demand for our products and our customers' economic condition, the impact of competitive products and pricing, the lengthy sales cycle, our proprietary rights, general economic conditions and other risk factors detailed in our annual report and other filings with the SEC. We do not intend to update any of these factors or to publicly announce the results of any revisions to these forward-looking statements.
Yahoo
a day ago
- Business
- Yahoo
Why Litecoin Soared Over the Weekend
Key Points MEI Pharma announced a $100 million private placement to accumulate Litecoin, as well as the addition of Charlie Lee to its board. 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. A bold new strategy 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 billion in Bitcoin to add to its books as the original crypto hovers around all-time highs. Crypto is having a moment Bitcoin set a new record last week, topping the $120,000 mark for the first time. There is a wave of enthusiasm in the market as Congress considers major legislation that would create a regulatory framework for the adoption of crypto in traditional banking and finance. Litecoin, like most altcoins, generally follows the movement of Bitcoin. Frankly, I don't see much of a reason to invest in it compared to Bitcoin. Should you buy stock in Litecoin right now? Before you buy stock in Litecoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Litecoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Why Litecoin Soared Over the Weekend was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Toronto Star
2 days ago
- Business
- Toronto Star
VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings
LONDON, July 21, 2025 (GLOBE NEWSWIRE) — Institutional investment and global interest have driven the Bitcoin price past $120,000. Simultaneously, cloud mining is evolving into a powerful, accessible way to earn cryptocurrency. VNBTC, a cloud mining platform headquartered in the UK, is proud to announce that it has officially received regulatory certification from the UK's Financial Conduct Authority (FCA). This significant milestone marks VNBTC as one of the few legally recognized cloud mining platforms in the global crypto space — reinforcing its commitment to compliance, investor protection, and long-term sustainability. With its new FCA status, VNBTC now offers crypto investors worldwide a higher level of trust and transparency. The certification enables VNBTC to operate under strict regulatory guidelines, adding a legal layer of security to its AI-optimized cloud mining services. Users can now confidently access Bitcoin, Dogecoin, and Litecoin mining contracts knowing they are engaging with a fully licensed and regulated service provider.
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings
LONDON, July 21, 2025 (GLOBE NEWSWIRE) — Institutional investment and global interest have driven the Bitcoin price past $120,000. Simultaneously, cloud mining is evolving into a powerful, accessible way to earn cryptocurrency. VNBTC , a cloud mining platform headquartered in the UK, is proud to announce that it has officially received regulatory certification from the UK's Financial Conduct Authority (FCA). This significant milestone marks VNBTC as one of the few legally recognized cloud mining platforms in the global crypto space — reinforcing its commitment to compliance, investor protection, and long-term sustainability. With its new FCA status, VNBTC now offers crypto investors worldwide a higher level of trust and transparency. The certification enables VNBTC to operate under strict regulatory guidelines, adding a legal layer of security to its AI-optimized cloud mining services. Users can now confidently access Bitcoin, Dogecoin, and Litecoin mining contracts knowing they are engaging with a fully licensed and regulated service provider. In 2025, VNBTC has emerged as a standout platform, offering tiered cloud-mining contracts that deliver impressive earning potential, even for beginners. The platform's signature feature? Clearly defined daily ROI and transparent contract mechanics, making it easy to estimate your returns before you invest. Due to these plan structures, the highest-paying Bitcoin contract offers $17,500 ROI. VNBTC credits earnings automatically every 24 hours to your dashboard, so users see their profits grow in real time and can withdraw or reinvest at any time. With millions of investors already using the platform's AI-optimized contracts, many are seeing daily income ranging from modest starter-plan payouts to five-figure profit cycles. VNBTC is making cryptocurrency mining easier, offering multiple ways to earn passively without needing to afford expensive mining rigs. With added benefits like the affiliate program offering 3% and 1.8% referral commission. Now might be the best time to join the future of mining that is globally trusted by millions. Media Contact: James Carter Marketing Specialist A photo accompanying this announcement is available at
Globe and Mail
2 days ago
- Business
- Globe and Mail
Hyper Bit Engages Secure Digital Markets to Buy First Tranche of ElphaPex DG1+ Crypto Miners with Objective of Buying 100 Miners Over Next 60 Days
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces it has engaged Secure Digital Markets ("Secure Digital") for the purchase of an initial ten (10) ElphaPex DG1+ Miners for the mining of Dogecoin ("DOGE") and Litecoin ("LTC") as previously announced on July 7 th, The ElphaPex DG1+ miners will be installed and professionally managed at a third party owned 11 MW renewable energy powered facility in Quebec, Canada. The Company has secured pricing of USD $6,200 per unit for this initial purchase for a total purchase of USD $62,000. The Company has set an objective of purchasing 100 Miners over the next 60 days. The Company will wire to Secure Digital the total purchase price in CAD in order that it may be converted in to USDT and payment can be made for the miners. To view an enhanced version of this graphic, please visit: Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd. stated:"We are making progress with our two primary verticals; crypto mining and acquiring crypto currencies as treasury assets. We are moving closer towards executing a definitive agreement to acquire Dogecoin Mining Technologies Ltd. through our initial ElphaPex crypto miner purchase and the ongoing due diligence. These high efficiency ASIC mining rigs will be shipped to and deployed at the professionally managed, renewable power facility to commence Dogecoin and Litecoin mining operations. Our aim is to expand our mining capability by adding 100 miners over the next 60 days. We believe the crypto markets are just getting started and we are working hard to accelerate the growth of our crypto treasury through strategic partnerships and financing, providing investors with renowned as a cornerstone of comprehensive and compliant exposure to the crypto currency sector." Furthermore, Company team members will be attending the Malaysia "MYBW" Blockchain week Conference this weekend hosted at the World Trade Centre Kuala Lumpur (WTCKL). The conference will feature blockchain industry leaders, innovators, and policymakers from around the world. To view an enhanced version of this graphic, please visit: The Company encourages colleagues and peers to reach out to us at team@ if you will be attending the conference and wish to connect with one of our team members. Chief Financial Officer Appointment The Company is pleased to announce that it has appointed Mr. Daryn Gordon to the position of Chief Financial Officer (CFO). Mr. Gordon is a Chartered Professional Accountant (CPA, CA) with more than two decades of finance and accounting experience. He started his career at global auditing firms Grant Thornton LLP and PwC Canada. For the last fourteen years, Mr. Gordon has continued to expand his expertise and knowledge by providing CFO services to Canadian companies across a variety of industries. Mr. Gordon has a Bachelor of Management degree from the University of Lethbridge. Gary Arca has resigned as Chief Financial officer, corporate secretary, and director of the Company. The Company wishes to thank Gary for all his work pioneering the Company in to the alt coin mining sector and wish him all the best in his future endeavours. Market Awareness Furthermore, The Company wishes to announces it has amended the terms of its agreement with 1123963 B.C. Ltd. (doing business as "Capitaliz On It"), a social-media-influencer-focused digital marketing agency out of Vancouver, B.C., to increase investor awareness and interest in the company as well as attracting new investors through various on-line platforms and a comprehensive digital media marketing campaign for the company. Capitaliz has been engaged for an additional period of one month for a total of four months commenced on June 16th, 2025, for an additional payment of CAD $50,000.00. Capitaliz is at arm's length to the Company and currently owns 168,000 shares of Hyper Bit Technologies Ltd. Its principal, Jeff Leslie, can be reached by e-mail at jeff@ or by phone at 778-237-1431. Capitaliz's address is 704-595 Howe Street, Vancouver BC, V6C 2T5. About Hyper Bit Technologies Ltd. Hyper Bit Technologies Ltd. is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates-driven by the rise of blockchain, decentralized finance (DeFi), and increasing institutional and retail adoption-Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association. Stay informed on our latest developments by subscribing to Company updates at and follow us across our social media channels: TikTok, Instagram, and LinkedIn. Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF) and in Europe (FSE: N7S0). FORWARD-LOOKING STATEMENTS: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes statements related to the Proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No investment is without risk. Crypto currencies are particularly volatile and therefore particularly risky. Companies that are developing technologies and investing in crypto mining can potentially be adversely affected by its inherent volatility. Readers are cautioned to always consult an investment advisor to determine if an opportunity is right for you. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
