Canadian blockchain company Luxxfolio has officially pivoted from Bitcoin mining to Litecoin, announcing a major $72.6 million initiative to expand its Litecoin (LTC) treasury.
The firm filed a CAD $100 million (US$72.6M) base shelf prospectus with Canadian regulators, giving it the flexibility to raise funds over the next 25 months. According to CEO Tomek Antoniak, this move strengthens Luxxfolio’s ability to accelerate global adoption of Litecoin as a hard currency while also supporting long-term shareholder value.
Luxxfolio’s transition away from Bitcoin mining was completed in July, making it the first publicly traded company to anchor its treasury in Litecoin. After a $2.5 million private placement, the firm increased its holdings to 20,084 LTC. This marked a significant improvement in shareholder yield—jumping from 30,020 litoshis per share in March 2025 to 75,539 litoshis per share—representing growth of 151.6%.
Antoniak emphasized that the shelf prospectus allows Luxxfolio to act quickly on opportunities tied to LTC infrastructure and treasury programs.
The shift comes amid a broader trend of firms expanding their crypto treasuries beyond Bitcoin. Michael Saylor’s Strategy now owns more than 3% of Bitcoin’s supply, while Tom Lee’s Bitmine is pushing toward holding 5% of Ethereum’s supply. Additionally, B Strategy recently announced plans to launch a $1 billion BNB treasury company backed by YZi Labs.
Even former U.S. President Donald Trump’s Thumzup Media has approved adding Litecoin to its own corporate treasury strategy, reflecting LTC’s growing role in corporate adoption.
For Luxxfolio, the move may also help offset financial struggles such as liquidity challenges and ongoing losses. By transitioning into a Litecoin treasury model, the company positions itself within a fast-growing wave of crypto treasury adoption while diversifying away from Bitcoin.
