Luxxfolio Invests $72 Million in Litecoin, Shifting from Bitcoin Mining to New Strategy

Luxxfolio, a company previously focused on Bitcoin mining, has embarked on a significant transformation, committing up to $100 million of its treasury to Litecoin. The firm filed a preliminary base shelf prospectus with Canadian regulators, allowing it to raise capital for future investments over the next two years. This strategic shift positions Luxxfolio as a major player in the growing Litecoin ecosystem.