Luxxfolio seeks $100M raise to implement Litecoin treasury strategy

Luxxfolio, a Canadian digital asset company, has filed a base shelf prospectus that, if approved, will allow it to raise up to CAD $100 million (USD $73 million) over the next 25 months. The proceeds will fund strategic growth initiatives, including a significant expansion of the Luxxfolio Litecoin treasury.

The filing, announced on August 28, enables the company to issue common and preferred shares, debt securities, warrants, subscription receipts, or units in periodic offerings rather than through a single capital raise. Executives say this flexibility is designed to align fundraising with market conditions, investor demand, and project milestones.

“This base shelf prospectus positions Luxxfolio to act quickly on strategic opportunities as we pursue our mission to drive global adoption of Litecoin as hard currency,” — Tomek Antoniak, CEO of Luxxfolio, said in a statement.

Expanding the Litecoin-first strategy

A portion of the funds will be earmarked for Litecoin infrastructure and treasury programs, reinforcing the company’s decision to pivot its business model around Litecoin earlier this year. The remainder will support broader initiatives such as technology development, acquisitions, and operational scale-up.

“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,” Antoniak added.

The Luxxfolio Litecoin treasury currently holds more than 20,000 LTC, a position the company highlights through a “Litecoin-per-share yield” metric designed to reflect treasury depth relative to outstanding shares. Executives say expanding this treasury will cement Luxxfolio’s role as a pioneer in corporate crypto balance sheet strategies.

Investor reaction, however, was muted. The company’s stock closed down 3.57% on the day of the announcement, though it remains up 28.57% over the past month.

From Bitcoin mining to Litecoin treasury company

Luxxfolio, formerly AX1 Capital Corp., originally operated as a Bitcoin miner before a strategic overhaul in early 2025. In March, it purchased 4,982 LTC as an initial treasury allocation. By June, Litecoin creator Charlie Lee had joined its advisory board, and by July the company had scaled its holdings to more than 20,000 LTC.

The pivot reflects both strategic conviction and financial necessity. According to its most recent quarterly filings, Luxxfolio reported no revenue, a net loss of nearly $197,000, and just $112,000 in cash. To stay afloat, it relied on private placements, making the Luxxfolio Litecoin treasury central to its survival as well as its strategy.

“Corporate treasuries are no longer just about cash reserves,” said Michael O’Connor, a Toronto-based digital asset analyst. “Luxxfolio is betting that positioning Litecoin as a core asset will give it differentiation in a crowded field of crypto-native firms.”

Litecoin’s rising profile in corporate treasuries

Luxxfolio is not alone in embracing Litecoin as part of a treasury strategy. In July, Nasdaq-listed biotech firm MEI Pharma unveiled a $100 million plan to build a dedicated Litecoin treasury, backed by a direct equity stake from the Litecoin Foundation. Charlie Lee also joined MEI’s board as part of the initiative. By August, MEI had acquired 929,548 LTC, valued at roughly $110 million.

Similarly, Thumzup Media Corporation disclosed a $250 million digital asset treasury plan in July that included Litecoin alongside Bitcoin, Ethereum, Solana, XRP, Dogecoin, and USDC.

For Luxxfolio, this growing momentum validates its early bet. The Luxxfolio Litecoin treasury strategy aligns with a broader trend of companies experimenting with crypto on their balance sheets as both a hedge and a growth driver. Still, questions remain about whether these bets can deliver shareholder value amid volatile markets and tightening regulations.

“Luxxfolio is taking a high-conviction approach,” said Sarah Li, partner at Hong Kong-based crypto advisory firm Mosaic Capital. “The challenge will be converting a large Litecoin position into long-term shareholder returns while funding operations in a competitive industry.”

Outlook for investors

The approval of the prospectus could give Luxxfolio breathing room to expand its operations while continuing to grow its Litecoin holdings. If successful, the Luxxfolio Litecoin treasury model may position the company as one of the most visible corporate adopters of Litecoin, much as MicroStrategy became synonymous with Bitcoin treasury strategy.

Yet investor caution is evident. The stock’s pullback suggests that markets want to see clearer revenue streams and operational growth alongside the treasury build-up. Whether Luxxfolio’s gamble pays off will depend on Litecoin’s adoption trajectory and the company’s ability to balance financial sustainability with strategic conviction.

For now, the Luxxfolio Litecoin treasury stands at the center of its corporate identity which is both a risk and a differentiator in an increasingly crowded digital asset ecosystem.