Canadian Crypto Firm Luxxfolio Eyes $73M Raise After Pivot to Litecoin

Canadian crypto infrastructure company Luxxfolio has filed a preliminary shelf prospectus to raise up to CAD$100 million ($73 million) as it deepens its Litecoin-focused strategy and attempts to stabilize its balance ￰1￱ Takeaways: Luxxfolio filed to raise up to $73 million as it deepens its Litecoin treasury ￰2￱ company aims to acquire 1 million LTC by 2026, with Charlie Lee now on its advisory ￰3￱ ambitions, Luxxfolio faces mounting losses and warned of survival risks without new ￰4￱ filing, submitted Thursday with Canadian regulators (excluding Québec), will allow Luxxfolio to issue a mix of securities, including shares, debt, and warrants, over a 25-month ￰5￱ CEO Says Capital Raise Will Boost Flexibility and Litecoin Expansion CEO Tomek Antoniak said the move gives the company “financial flexibility” to scale operations and accelerate Litecoin adoption.

“In our sector, scale is critical — the larger our treasury, infrastructure, and ecosystem footprint, the greater our ability to capture market share,” Antoniak said in the company’s ￰6￱ fundraising plan comes just months after Luxxfolio became the first publicly traded company to formally anchor its corporate treasury in ￰7￱ firm began disclosing its Litecoin purchases in July and has outlined an ambitious goal of acquiring 1 million LTC by ￰8￱ creator Charlie Lee joined the company’s advisory board in June, further cementing its alignment with the 12-year-old blockchain ￰9￱ has filed a preliminary short form base shelf ￰10￱ finalized, it could allow us to raise up to CAD $100M over 25 months for future ￰11￱ securities are being issued at this ￰12￱ details: ￰0￱ $LUXX $LUXFF ￰13￱ — Luxxfolio Holdings (@LuxxfolioH) August 28, 2025 Despite its strategic pivot, Luxxfolio’s financials show signs of ￰14￱ its most recent quarterly report, the company posted a Q2 net loss of $197,000, up from just $8,000 a year ￰15￱ the nine-month period ending that quarter, losses more than doubled ￰16￱ only $112,000 in cash on hand as of the quarter’s end, the company relied on an $844,000 private placement to remain ￰17￱ its founding in 2017, Luxxfolio has accumulated nearly $19 million in total ￰18￱ management has already flagged “significant doubt” about the company’s ability to continue without securing new ￰19￱ shelf prospectus, once finalized, is intended to give the company room to raise capital quickly as market conditions shift, and as it attempts to grow its Litecoin infrastructure footprint despite mounting financial pressure.

Galaxy, Jump, and Multicoin Plan $1B Solana Treasury Bet As reported, Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to raise around $1 billion to build the largest Solana treasury to ￰20￱ reported that Cantor Fitzgerald has been tapped as the lead banker, with the Solana Foundation backing the deal, which could close in early ￰21￱ plan involves taking over a publicly traded company and converting it into a digital asset treasury vehicle dedicated to Solana. Likewise, Pantera Capital is preparing to raise as much as $1.25 billion to transform a Nasdaq-listed company into “Solana Co.,” a public vehicle built to accumulate Solana (SOL) as a treasury asset The plan reportedly involves an initial $500 million raise, followed by $750 million through ￰22￱ completed, it would mark one of the largest dedicated efforts to create a public Solana treasury ￰23￱ move follows Pantera’s disclosure earlier this month that it has already deployed about $300 million into digital asset treasury (DAT) firms.