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Canadian company Luxxfolio plans to raise $73 million to expand its Litecoin treasury strategy

8 hours ago

August 29th. As per Decrypt, the Canadian firm Luxxfolio intends to raise $73 million for the expansion of its Litecoin (LTC) treasury strategy. Charlie Lee, the founder of Litecoin, joined its advisory board by the end of June. It is worthy of note that the company reported zero revenue during the second quarter. It had a net loss of $197,000, cash reserves of merely $112,000, and accumulated losses approaching $19 million.
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