MEI Pharma Surges to 372nd in Daily Rankings with $30.4 Million Trading Volume

On July 18, 2025, MEI Pharma (MEIP) experienced a significant surge, with its trading volume reaching $30.4 million, marking a 15506.79% increase from the previous day. This substantial rise placed MEI Pharma at the 372nd position in the daily stock market rankings. The company's stock price soared by 31.56%, extending its winning streak to six consecutive days, with a cumulative increase of 120.07% over the past six days.

MEI Pharma has announced a $100 million private placement to initiate a Litecoin treasury strategy, positioning itself as the first and only publicly traded company to hold Litecoin on a national scale. This strategic move is part of a broader effort to diversify the company's financial holdings and leverage the growing interest in cryptocurrencies.

Charlie Lee, the creator of Litecoin, has agreed to join the Board of Directors of MEI Pharma, adding significant credibility and expertise to the company's strategic initiatives. This partnership is expected to enhance MEI Pharma's standing in the cryptocurrency market and provide valuable insights into the evolving landscape of digital assets.

The private placement deal is anticipated to close on or around July 22, 2025, pending customary closing conditions. This transaction is a significant milestone for MEI Pharma, as it marks the company's entry into the institutional Litecoin treasury strategy, a move that could potentially attract more investors interested in the intersection of traditional finance and cryptocurrencies.