Canadian company Luxxfolio Holdings has filed a shelf prospectus allowing it to raise up to 100 million CAD ($73M) over the next 25 months through shares, debt, or other securities. The move signals a major shift: the former Bitcoin miner is now fully committed to Litecoin (LTC) as the foundation of its new strategy.

Canadian firm Luxxfolio has filed to raise up to $73M to expand its #Litecoin treasury strategy. With a goal of holding 1M $LTC by 2026, the move aims to give the company financial flexibility despite recent losses. This highlights a broader trend: using public companies to build… pic.twitter.com/cJm8nBge0p

— CryptoniteUae (@CryptoniteUae) August 29, 2025

Instead of focusing on mining, Luxxfolio aims to transition into an asset-holding model, building a strong Litecoin-backed treasury. The company has already started publicly disclosing its LTC purchases since July, underscoring its commitment to transparency.

Adding credibility to the pivot, Litecoin creator Charlie Lee joined Luxxfolio’s advisory board in June, a move seen as a strong endorsement from the crypto community.

Luxxfolio has set an ambitious target: accumulating 1 million LTC by 2026, a milestone meant to attract investors and institutional partners.

Weak Balance Sheet Raises Doubts

Despite the big vision, Luxxfolio’s finances remain fragile. The company reported:

• Zero revenue in Q2,

• A net loss of $197,000,

• Just $112,000 in cash,

• And cumulative losses of nearly $19M since 2017.

To stay afloat, Luxxfolio had to rely on a $844,000 private placement. Its financial filings even acknowledge “significant doubts” about the company’s ability to continue operations without new funding.

For its Litecoin bet to succeed, Luxxfolio will need to go beyond token accumulation. Experts stress the importance of real-world use cases, such as payment rails, liquidity services, and compliance frameworks—without which, institutional investors are unlikely to commit.

Litecoin’s Underdog Position

While Litecoin is one of the oldest cryptocurrencies, it still lags far behind Bitcoin in terms of market volume, media coverage, and derivatives markets. Some analysts remain skeptical that a Litecoin-centric model could attract the same institutional attention.

Still, Litecoin has its niches:

• Low fees,

• Fast transactions,

• A long track record that appeals to conservative treasuries.

Luxxfolio’s challenge is to transform its Litecoin reserve into an active, revenue-generating tool rather than a passive store of value exposed to market volatility. The next 12–24 months—the same period covered by its fundraising prospectus—will determine whether the company can turn its bold Litecoin pivot into tangible results.