GSR Invests $100 Million in MEI Pharma, Boosts Litecoin Institutionalization

GSR, a prominent player in the crypto capital markets, has announced a significant investment and strategic partnership with MEI Pharma, Inc. (NASDAQ:MEIP), marking a pivotal moment in the institutionalization of Litecoin as a treasury asset. The $100 million private investment in public equity (PIPE) into MEI underscores the growing confidence in Litecoin's stability and utility within the institutional investment community.

This partnership brings together GSR, MEI Pharma, and Litecoin creator Charlie Lee, who will serve as strategic advisors and digital asset treasury managers. Lee, along with a GSR appointee, will join MEI’s Board of Directors, further solidifying the collaboration. The initiative is part of MEI’s strategic review and aligns with the Litecoin Foundation and GSR’s digital asset management platform, aiming to bridge the gap between public markets and crypto-native innovation.

Charlie Lee emphasized Litecoin's decade-long track record of providing a stable, low-cost, and accessible network, highlighting its integration across retail and payments platforms. This partnership represents the first instance of a public company aligning its treasury strategy with Litecoin at an institutional level, reflecting rising confidence in LTC’s credibility, resilience, and regulatory clarity.

Joshua Riezman, US chief strategy officer at GSR, noted that this initiative is a groundbreaking move, setting a precedent for other institutions to follow. Qu?nh Ho, head of venture investment at GSR, added that while there is significant institutional interest in Litecoin, few secure and structured mechanisms exist for accessing it. This investment aims to address that gap, enabling access to an asset with remarkable staying power.

GSR’s involvement extends beyond this investment, as it continues to support the broader digital asset ecosystem. The firm’s expertise is evident in its incubation of the Polygon-based protocol Katana, showcasing its ability to support emerging ecosystems. The collaboration includes participation from the Litecoin Foundation and prominent crypto venture capital firms and infrastructure providers, such as Mozayyx, Parafi, HiveMind, Primitive, RLH Capital, Delta Blockchain, and CoinFund, among others.

GSR’s role as an investor, strategic advisor, and asset manager positions the collaboration for potential momentum in LTC’s future growth in decentralized finance (DeFi). The firm’s broader involvement in the digital asset space includes offering capital solutions, liquidity, and strategic advisory services to partners at all stages of growth. GSR’s mission is to deliver market-making, institutional-grade OTC trading, and strategic venture backing to founders and institutions, leveraging its decade of experience to provide strategic guidance, market intelligence, and access to a global network.