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

On August 29, it was reported 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 approaching $19 million.