- Luxxfolio filed a shelf prospectus to raise CAD $100M for a Litecoin-based treasury plan.
- The company is planning on buying one million Litecoin before the end of 2026.
- Charlie Lee joined Luxxfolio as an advisor while financial losses continued to rise.
Canadian crypto infrastructure firm Luxxfolio Holdings Inc. filed a shelf prospectus on Thursday to raise up to CAD $100 million (US $73 million). The filing, submitted to Canadian regulators excluding Québec, allows the company to raise funds over a 25-month period through shares, debt, or other securities. This development comes months after Luxxfolio became the first publicly listed company to anchor its treasury in Litecoin following its broader pivot away from Bitcoin mining.
Treasury Strategy Anchored in Litecoin
Luxxfolio’s Chief Executive Officer and Director Tomek Antoniak described Litecoin as “hard currency,” stating, “In our sector, scale is critical—the larger our treasury, infrastructure, and ecosystem footprint, the greater our ability to capture market share and influence adoption.” Antoniak added that the shelf would provide Luxxfolio with “flexibility” to scale operations and meet emerging market demands.
The company has disclosed plans to acquire up to 1 million Litecoin (LTC) by 2026, with Litecoin creator Charlie Lee joining its advisory board in late June to strengthen credibility and community alignment. The latest filing follows Luxxfolio’s July decision to begin disclosing its Litecoin purchases.
Litecoin (LTC) was trading at $111.88 at press time, down 1.33% in 24 hours, according to CoinMarketCap. Its market capitalization stood at $8.53 billion, with a 24-hour trading volume of $523.23 million. The supply remains capped at 84 million LTC, with 76.23 million in circulation.
Financial Struggles Raise Questions
Luxxfolio’s high-risk financial disclosures indicate it is still under severe financial strain, despite its ambitious pivot. The company had zero income and a net loss of about US $197,000 in the second quarter of 2025 in comparison to a net loss of US $8,000 at the same time last year.
By Q2, Luxxfolio had only $112,000 in cash reserves and had to rely on a $844,000 private placement to remain operational. Since its founding in 2017, the company has accumulated nearly $19 million in losses.
Management previously warned of “significant doubt” regarding the company’s ability to continue operating without new capital. The shelf prospectus, once approved, will give Luxxfolio the ability to raise capital more quickly as market conditions shift, ensuring liquidity as it builds its Litecoin-based infrastructure strategy.
Related: SEC Set to Decide on Litecoin ETF as Approval Odds Surge
Analysts Assess the Strategy
Market observers have compared Luxxfolio’s move to Strategy’s Bitcoin treasury strategy, but with clear differences. Unlike Bitcoin, Litecoin lacks widespread institutional recognition and does not hold the same “digital gold” narrative.
Mehow Pospieszalski, CEO of American Fortress, stated that institutions will only allocate capital if reserves are tied to usable infrastructure, compliance pathways, and real adoption. Without these elements, Pospieszalski warned, such a model risks becoming a “number go up speculative trap,” echoing leverage cycles that previously destabilized firms in the sector.
According to the chief analyst of MEXC Research, Shawn Young, Litecoin lacks institutional use cases and narrative depth yet has technical credibility. Young described creating a niche as feasible, but institutional capital will probably be constrained without an obvious practical use. Conversely, the report further says that Ray Youssef, the CEO of NoOnes, interpreted the effort by Luxxfolio and such actions of other companies as a confidence vote that institutional capital could one day go beyond Bitcoin.
