Canadian company Luxxfolio plans to raise $73 million to expand its Litecoin treasury strategy

ChainCatcher news, according to Decrypt, Canadian company Luxxfolio plans to raise $73 million to expand its Litecoin (LTC) treasury strategy, with Litecoin founder Charlie Lee joining 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 approaching $19 million.