Luxxfolio Raises $73 Million for Litecoin Expansion

Canadian digital asset firm Luxxfolio is launching a new funding round worth $73 million to bolster its Litecoin (LTC) treasury strategy. Currently, they hold 20,084 LTC, which represents substantial value considering today’s market prices. This expansion signifies confidence in Litecoin’s future potential and further indicates the emergence of institutional interest in the cryptocurrency as a long-term store of value. Luxxfolio believes this strategic move positions them to become leaders in the Litecoin ecosystem.