luxxfolio

According to official news, the Canadian-listed Litecoin treasury company Luxxfolio has disclosed that it has increased its holdings by 2,413.464 LTC, bringing its total holdings to 24,439.464 LTC while maintaining a zero-debt status.The company also announced that it has deployed 20 Bitmain Antminer L9 16G devices to start Litecoin mining, and it plans to gradually expand its mining operations based on market conditions, equipment availability, and power capacity.

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.