Litecoin holding company 'MEI Pharma' changes its name to 'Lite Strategy'

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Summary

MEI Pharma announced it will change its name to 'Lite Strategy'.
Lite Strategy said it holds about 929,000 LTC (about $100 million).
Charlie Lee said he will prove through the rebranding that Litecoin is one of the world's safest reserve assets.

MEI Pharma, a Nasdaq-listed company holding Litecoin (LTC), is changing its name.

On the 10th (local time), according to Business Wire, MEI Pharma said in a press release, "We are changing our name to Lite Strategy." The new name and ticker will take effect from the 11th (local time).

Charlie Lee, director of Lite Strategy, said, "Litecoin is one of the safest crypto assets in the world," and "Through this rebranding, we will demonstrate that Litecoin is an excellent reserve asset."

Meanwhile, Lite Strategy currently holds 929,000 LTC, about $100 million.

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