Luxxfolio Raises $100 Million to Boost Litecoin Holdings

Canadian crypto firm Luxxfolio Holdings Inc. is seeking up to CAD$100 million through a shelf prospectus to bolster its Litecoin treasury strategy. This move aims to expand the company’s infrastructure and support merchant payments, stablecoins, and crypto wallets as it shifts away from Bitcoin. 25 months of issuance are possible under the filing. Luxxfolio has been steadily acquiring Litecoin, aiming to reach one million LTC by 2026.