MEI Pharma's 15min chart shows Bollinger Bands Narrowing and KDJ Death Cross.

Based on the 15-minute chart of MEI Pharma, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has formed a death cross at 08/11/2025 10:30, which suggests that the momentum of the stock price is shifting towards the downside and may continue to decline.

Mei Pharma, Inc. has made a significant move in the corporate treasury landscape by investing $100 million in Litecoin (LTC), marking the first time a U.S.-listed company has adopted Litecoin as a primary treasury asset [1]. This strategic shift comes amidst a broader trend of institutional adoption of cryptocurrencies, which are increasingly being seen as potential reserve assets.

The investment, led by Charlie Lee, the creator of Litecoin, was announced on August 4, 2025. The move is expected to enhance market stability and liquidity for Litecoin, with analysts noting a price appreciation from $107.58 to $124 per LTC, thereby increasing MEI’s asset value to an estimated $110–$115 million [2].

This investment signals a broader shift in corporate treasury strategies, as companies look to diversify their reserve assets and hedge against traditional market risks. Litecoin, known for its faster transaction times and lower fees compared to Bitcoin, is gaining institutional interest due to its potential as a reserve currency.

Analysts are closely monitoring the impact of this move on the cryptocurrency market. The investment is expected to enhance Litecoin's market stability and liquidity, potentially leading to broader adoption of cryptocurrencies in corporate finance. This could pave the way for further integration of digital assets into traditional financial strategies.

In addition to this strategic move, Mei Pharma has also been actively reviewing its strategic alternatives and has hired Oppenheimer & Co. to assist in this evaluation [1]. The company's stock has seen fluctuations, with recent data indicating a narrowing of the Bollinger Bands, suggesting a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has formed a death cross at 08/11/2025 10:30, indicating a potential shift in the stock's momentum towards the downside [2].

References:
[1] https://www.marketscreener.com/news/mei-pharma-acquires-litecoin-launches-100m-institutional-treasury-strategy-ce7c5ed8d88ef021
[2] https://en.coinotag.com/mei-pharmas-100m-move-to-litecoin-exploring-potential-impacts-on-market-dynamics-and-institutional-adoption/