Luxxfolio, a Canadian crypto infrastructure company, has filed a preliminary shelf prospectus to raise up to CAD$100 million ($73 million). This move is intended to provide the company with financial flexibility as it expands its Litecoin-focused strategy and works to stabilize its balance sheet. The filing will allow Luxxfolio to issue various securities, including shares and debt, over the next 25 months.
According to CEO Tomek Antoniak, the capital raise is crucial for scaling operations and accelerating Litecoin adoption. This comes just a few months after Luxxfolio became the first publicly traded company to anchor its corporate treasury in Litecoin, with a goal of acquiring 1 million LTC by 2026. The company’s commitment to this strategy was further solidified in June when Litecoin creator Charlie Lee joined its advisory board.
Despite these strategic moves, Luxxfolio's financial situation is strained. The company reported a Q2 net loss of $197,000, and its total accumulated losses since 2017 stand at nearly $19 million. With only $112,000 in cash on hand, the company has flagged "significant doubt" about its ability to continue operations without new capital, making this shelf prospectus a critical step.
The article also notes a broader trend in the crypto space, with other firms pursuing similar strategies for different assets. Galaxy Digital, Jump Crypto, and Multicoin Capital are reportedly in talks to raise $1 billion to create a public Solana treasury vehicle, while Pantera Capital is also preparing to raise up to $1.25 billion to create a public company dedicated to accumulating Solana (SOL). These efforts highlight a growing interest in using publicly traded companies to build large-scale digital asset treasuries.
August 2025, Cryptoniteuae