Luxxfolio Backs Litecoin With $73M Bet – Can LTC Hit $1,000 Next?

Litecoin (LTC), often seen as Bitcoin’s younger sibling, is quietly moving into the spotlight again. While much of the crypto conversation this year has revolved around Bitcoin and Ethereum, new developments suggest Litecoin might be preparing for a breakout.

As Luxxfolio, a Canadian company filed to raise up to CAD$100 million ($73 Million) to support its Litecoin-focused strategy.

Luxxfolio Bets Big on Litecoin

Canadian company Luxxfolio Holdings has made a strong bet on Litecoin. The company has taken a bold step away from traditional Bitcoin mining and is instead building its corporate treasury around Litecoin.

Luxxfolio recently filed a shelf prospectus to raise $73 million over the next two years, with the goal of accumulating up to 1 million LTC by 2026.

Canadian firm Luxxfolio has filed to raise up to $73M to expand its #Litecoin treasury strategy. With a goal of holding 1M $LTC by 2026, the move aims to give...

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