Luxxfolio Targets $73M Raise To Expand Litecoin Treasury

Luxxfolio, a Canadian crypto infrastructure company, has filed a shelf prospectus with regulators seeking to raise as much as $73 million over the next 25 months. The move underscores its pivot to Litecoin as its treasury anchor after scaling back Bitcoin mining operations.

CEO Tomek Antoniak said the company sees Litecoin as “hard currency” and believes building scale across treasury holdings, infrastructure, and ecosystem participation is essential for long-term growth. Luxxfolio recently began disclosing Litecoin purchases and has set a goal of amassing 1 million LTC by 2026.

Adding momentum to its strategy, Litecoin creator Charlie Lee joined its advisory board in June.

The company’s financials remain weak, with losses and thin stock liquidity, but management hopes the raise will provide flexibility to scale up reserves and capture market share. Luxxfolio’s Litecoin-first approach sets it apart from peers, positioning it within the growing trend of companies holding crypto in their balance sheets.

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