Luxxfolio Secures $72.6 Million for Litecoin Expansion

Luxxfolio is preparing to significantly expand its Litecoin holdings with a CAD $100 million funding round. This move aligns with the company’s strategy of shifting from Bitcoin mining and establishing a focus on Litecoin as a core part of its digital asset treasury strategy. The company aims to acquire additional LTC through this investment, ultimately increasing their reserves by more than 25 times. CEO Tomek Antoniak emphasizes this funding flexibility will allow them to seize opportunities for growth.