Canadian Company Luxxfolio Plans to Raise $73 Million to Expand Litecoin Treasury Strategy

BlockBeats reported on August 29, citing Decrypt, that Canadian company Luxxfolio plans to raise $73 million to expand its Litecoin (LTC) treasury strategy. Litecoin founder Charlie Lee joined its advisory board at the end of June. Notably, the company reported zero revenue in the second quarter, a net loss of $197,000, cash reserves of only $112,000, and accumulated losses nearing $19 million.