Litecoin Over Bitcoin: Luxxfolio Eyes $100 Million Raise To Fuel Treasury And Merchant Projects, But Can It Survive With Just $112,000 Left In Cash?

Luxxfolio Turns To Markets With $100 Million Shelf Filing Amid Litecoin Bet

Luxxfolio Holdings is looking to the Canadian capital markets for breathing room as it doubles down on its Litecoin strategy.

The Vancouver-based company has filed a preliminary base shelf prospectus that would allow it to raise up to CAD$100 million (US$73 million) over a 25-month period.

The filing, submitted to regulators across Canada except Québec, gives the firm the ability to issue shares, debt, warrants or other securities whenever conditions allow, without needing to restart the regulatory process each time.

CEO Stresses Scale And Flexibility

Chief executive Tomek Antoniak said the move equips the business with the tools to respond quickly to market shifts.

He explained,

“In our sector, scale is critical—the larger our treasury, infrastructure, and ecosystem footprint, the greater our ability to capture market share and influence adoption.”

He added that the shelf gives Luxxfolio “financial flexibility” to support growth and expand its Litecoin-centred ecosystem.

Litecoin Becomes The Core Of The Strategy

Luxxfolio has pivoted heavily away from its previous focus on Bitcoin mining, instead committing to Litecoin as the centrepiece of its treasury and infrastructure plans.

The company began disclosing Litecoin purchases in July and has set a target of acquiring one million LTC by 2026.

Its alignment with the blockchain network deepened in June when Litecoin creator Charlie Lee joined the advisory board.

Management argues that reserves built around Litecoin can support merchant processing, stablecoin payments and wallet services aimed at everyday commerce.

Mounting Losses Leave Urgency For Capital

Despite the ambitious roadmap, the financial picture is strained.

The firm ended its most recent quarter with just $112,000 in cash and relied on an $844,000 private placement to keep operations running.

Quarterly losses widened to $197,000 compared with $8,000 a year earlier, while nine-month losses more than doubled year-on-year.

Since its founding in 2017, Luxxfolio has accumulated nearly $19 million in total losses.

Management has already flagged “significant doubt” about its ability to continue without raising further funds.

Industry View On Altcoin Treasuries

The idea of altcoin-based corporate treasuries has divided analysts.

Mehow Pospieszalski, CEO of wallet platform American Fortress, said such strategies “absolutely attract institutional capital if it’s paired with usable infrastructure,” noting that inflows on the Litecoin network exceed $100 million.

But he cautioned that firms cannot “just sit on assets and hope for ‘number go up,’” warning of risks reminiscent of past leverage cycles.

Others remain sceptical about how much institutional money will follow.

Shawn Young, chief analyst at MEXC Research,

“Institutional capital has a tendency to gravitate toward assets with the following characteristics: deepest liquidity, strongest adoption, with the most established market narrative.”

He argued that while Litecoin has credibility, Bitcoin remains the dominant reserve asset.

Altcoin Treasuries Becoming A Wider Trend

Luxxfolio’s filing comes as other firms test similar approaches.

Galaxy Digital, Jump Crypto and Multicoin Capital are working on a $1 billion Solana treasury vehicle with Cantor Fitzgerald as lead banker, while Pantera Capital is preparing a separate plan of up to $1.25 billion to build “Solana Co.” as a public reserve company.

Observers suggest these moves reflect a broader shift, with companies beginning to treat select altcoins as treasury-grade assets rather than speculative holdings.