CoinWorld news on June 17 reported that, according to official announcements, the Canadian listed company Luxxfolio Holdings has chosen Litecoin (LTC) as its reserve asset, referring to it as a means of storing value for the future. Luxxfolio stated on platform X: "One of the reasons we chose Litecoin as our asset management asset is that Litecoin's economic activity continues to grow, and speculative demand is relatively low. This should make it an excellent means of storing value in the future."