Why This Nasdaq Company Is Diversifying Into Litecoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 August 2025
⏱️ 15 minutes
🧾️ Download transcript
Summary
Insights into the latest Litecoin treasury move with creator Charlie Lee and GSR Chief Strategy Officer Joshua Riezman.
Litecoin is entering the corporate treasury world as Nasdaq-listed biotech firm MEI Pharma raised $100M to fund a Litecoin treasury strategy. Charlie Lee, creator of the altcoin, joins GSR Chief Strategy Officer Joshua Riezman to discuss the recent move and what's next on Litecoin's roadmap.
-
Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase.
Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit midnight.gd and prepare for the Midnight Glacier Drop.
-
This episode was hosted by Jennifer Sanasie.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Stable coins are good for payments also. |
| 0:03.0 | But we see people using Lycoy more because like coin is a better store value, right? |
| 0:08.0 | Stable coins are based off of, let's say, US dollar. |
| 0:12.0 | And as we know, fiat currency is not the best store value as more and more Fiat's been printed over the past few years even. |
| 0:20.0 | So people like to store their money in crypto and Bitcoin in like coin. |
| 0:27.6 | Similar to how people store money in gold and silver, |
| 0:30.6 | being like better store value than fiat currencies. |
| 0:42.8 | Crypto treasuries have been in the spotlight lately. Now, MEI Pharma, publicly traded pharmaceutical company has closed a $100 million private |
| 0:47.8 | placement to build a light coin treasury. |
| 0:50.8 | G.SR and light coin founder Charlie Lee led the placement, and Lee and a GSR appointee |
| 0:55.8 | will be joining the MEI-M-E-I-Farm aboard. |
| 0:58.6 | Joining me now is Lightcoin creator Charlie Lee and GSR Chief Strategy Officer Josh Wrightsman. |
| 1:03.7 | Hey, guys. |
| 1:04.7 | Hey there. |
| 1:05.7 | Hey. |
| 1:07.1 | Great to have you here. |
| 1:08.3 | Like I said, crypto treasury firms are all the rage lately. Josh, I want to start with you. GSR led the private placement. Talk to me about what this means for GSR and how you're looking at like coin. This was a right time for MEI to adopt this strategy. And we were super happy that they chose to pursue a strategy around Lightcoin. |
| 1:28.6 | If you kind of zoom out and Charlie speak to this way better than I can, but Lightcoin is one of |
| 1:33.6 | the most fair widely distributed use crypto assets in the space. |
| 1:40.8 | And it's, you know, being one of the original OG coins, it makes sense to work with |
| 1:46.1 | GSR, one of the original OG market makers in the space to help bring the strategy into place. |
| 1:52.4 | Charlie, I want to hop on over to you. Talk to me about, you know, bringing a light coin treasury |
... |
Transcript will be available on the free plan in 1 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.