The former Bitcoin mining company, Luxxfolio, has submitted a shortened preliminary prospectus to Canadian regulators. This would allow it to raise up to 100 million Canadian dollars (approximately 72.6 million US dollars) to increase its holdings of Litecoin. This would be done in securities over the next 25 months.
CEO Tomek Antoniak described the filing as a vital step that will enable the company to act quickly on growth opportunities, particularly in LTC's infrastructure and treasury programs.
“This base prospectus positions Luxxfolio to act swiftly on strategic opportunities as we pursue our mission to drive global adoption of Litecoin as a strong currency,” he stated.
Primarily known for its Bitcoin mining operations, the company completed its final transition in July. It became the first publicly traded company to officially invest its treasury in Litecoin. Following a private placement of $2.5 million, Luxxfolio expanded its reserves to 20,084 LTC.
This represents a significant increase from 30,020 litoshis per share as of March 31, 2025, to approximately 75,539 litoshis per share. This increase demonstrates the company's unique treasury strategy and represents a Litecoin return per share of 151.6%.
Additionally, Trump's Thumzup Media recently approved plans to expand its cryptocurrency strategy including LTC in its treasury, along with other major digital assets.