Odaily Planet Daily reported that Canadian company Luxxfolio plans to raise US$73 million to expand its Litecoin (LTC) treasury strategy. Litecoin founder Charlie Lee joined its advisory board at the end of June.

Furthermore, the company reported zero revenue in the second quarter, a net loss of $197,000, and only $112,000 in cash reserves, bringing its cumulative losses to nearly $19 million. ( Decrypt )