Canadian firm Luxxfolio plans 73 million USD raise to expand Litecoin treasury strategy

Luxxfolio is pivoting its strategy by moving from Bitcoin mining to building a treasury centered on Litecoin. This change aims to leverage the growing institutional interest in Litecoin, particularly if supported by usable infrastructure.

The company plans to raise 73 million USD through a newly filed shelf prospectus, ensuring the flexibility to meet market demands. With no revenue reported and a net loss of up to 197,000 USD in Q2 2025, the company is navigating significant financial challenges.

By 2026, Luxxfolio aims to secure 1 million LTC as part of its treasury. Recently, Charlie Lee, the creator of Litecoin, joined its advisory board, signaling potential for future growth.

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