Luxxfolio Seeks $73 Million to Expand Litecoin Treasury Strategy

Luxxfolio, a Canadian crypto infrastructure company, filed a preliminary shelf prospectus with regulators to raise up to CAD 100 million ($73 million) over 25 months. The plan allows issuing shares, debt, and warrants to support its Litecoin-focused strategy, including the goal of acquiring 1 million LTC by 2026. CEO Tomek Antoniak said the raise would provide financial flexibility and scale. Luxxfolio, which added Litecoin creator Charlie Lee to its advisory board in June, reported a Q2 net loss of $197,000 and holds just $112,000 in cash, relying on private placements to remain operational. The firm has accumulated nearly $19 million in total losses since 2017, raising concerns about its ability to continue without new capital.

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