According to Mars Finance news on August 29, as reported by Decrypt, Canadian crypto infrastructure company Luxxfolio submitted a prospectus on Thursday, planning to raise up to 100 million Canadian dollars (73 million USD) to expand its Litecoin (LTC) treasury strategy. Once approved, Luxxfolio's prospectus will allow it to raise funds over 25 months through the issuance of stocks, debt, or other securities. The company's goal is to acquire 1 million Litecoins by 2026. A few months ago, the company became the first publicly listed company to use Litecoin as a funding anchor after completely abandoning Bitcoin mining. According to the latest quarterly financial report, the company's main pressure signs include no revenue, a net loss of approximately 197,000 USD in the second quarter (compared to a net loss of 8,000 USD in the same period last year), and a year-on-year increase of more than double in nine-month losses. At the end of the second quarter this year, the company had only 112,000 USD in cash and relied on 844,000 USD in private fundraising to maintain operations, with total losses approaching 19 million USD since its establishment in 2017.