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TechFlow, August 29 — According to Decrypt, Canadian company Luxxfolio plans to raise $73 million to expand its Litecoin (LTC) treasury strategy. Litecoin founder Charlie Lee joined its advisory board at the end of June.
Notably, the company reported zero revenue in the second quarter, with a net loss of $197,000 and only $112,000 in cash reserves remaining, bringing cumulative losses close to $19 million.
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. Notably, the company reported zero revenue in Q2, a net loss of $197,000, cash reserves of only $112,000, and cumulative losses nearing $19 million.
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