Canadian crypto infrastructure firm Luxxfolio Holdings Inc. has announced its ambitious plan to acquire 1 million Litecoin (LTC) by 2026, marking a strategic shift to position LTC as a core treasury asset. Previously focused on Bitcoin mining, Luxxfolio is now transitioning to build a Litecoin-based treasury and infrastructure business. The company plans to deploy LTC in decentralized liquidity protocols and explore ZK rollups and Layer-2 applications.
In a related move, Litecoin Strategy, formerly known as MEI Pharma, has adopted LTC as its primary reserve asset, purchasing 929,548 LTC tokens. Both Luxxfolio and Litecoin Strategy aim to enhance LTC's utility and reduce its exchange supply, which could potentially increase demand and drive up the price of Litecoin.
Luxxfolio Targets 1 Million Litecoin Acquisition by 2026
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