Deep Tide TechFlow News, on August 29, according to Decrypt, 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.

It is worth noting that the company reported zero revenue in the second quarter, a net loss of $197,000, and cash reserves of only $112,000, with cumulative losses nearing $19 million.