Luxxfolio Provides Corporate Update, Announces Litecoin Treasury Strategy
Luxxfolio Holdings (CSE: LUXX) (OTC: LUXFD) has announced several strategic initiatives following a $1.2 million private placement. The company has implemented a Litecoin Treasury Strategy with an initial purchase of 4,982 LTC, positioning itself for the next wave of crypto payment adoption.
Key developments include:
- Plans to explore restarting digital asset mining operations, focusing on Litecoin
- Establishment of a Litecoin full node to validate transactions and enhance network participation
- Development of on-chain payment infrastructure, including stablecoin integration, wallet solutions, and merchant processing tools
The company cites Litecoin's advantages including fast transaction speeds, low fees, and network reliability, noting its position as the leading cryptocurrency on BitPay for transaction volume. CEO Tomek Antoniak expressed confidence in Litecoin's potential for real-world payment utility.
Luxxfolio Holdings (CSE: LUXX) (OTC: LUXFD) ha annunciato diverse iniziative strategiche dopo un collocamento privato di 1,2 milioni di dollari. L'azienda ha implementato una Strategia di Tesoreria Litecoin con un acquisto iniziale di 4.982 LTC, posizionandosi per la prossima ondata di adozione dei pagamenti in criptovaluta.
Le principali novità includono:
- Piani per esplorare la ripresa delle operazioni di mining di asset digitali, concentrandosi su Litecoin
- Istituzione di un nodo completo Litecoin per convalidare le transazioni e migliorare la partecipazione alla rete
- Sviluppo di un'infrastruttura di pagamento on-chain, inclusa l'integrazione di stablecoin, soluzioni wallet e strumenti per l'elaborazione dei pagamenti per i commercianti
L'azienda cita i vantaggi di Litecoin, tra cui velocità di transazione elevate, basse commissioni e affidabilità della rete, sottolineando la sua posizione come principale criptovaluta su BitPay per volume di transazioni. Il CEO Tomek Antoniak ha espresso fiducia nel potenziale di Litecoin per l'utilizzo nei pagamenti nel mondo reale.
Luxxfolio Holdings (CSE: LUXX) (OTC: LUXFD) ha anunciado varias iniciativas estratégicas tras una colocación privada de 1.2 millones de dólares. La empresa ha implementado una Estrategia de Tesorería Litecoin con una compra inicial de 4,982 LTC, posicionándose para la próxima ola de adopción de pagos en criptomonedas.
Los principales desarrollos incluyen:
- Planes para explorar la reanudación de operaciones de minería de activos digitales, enfocándose en Litecoin
- Establecimiento de un nodo completo de Litecoin para validar transacciones y mejorar la participación en la red
- Desarrollo de una infraestructura de pago en cadena, incluyendo integración de stablecoins, soluciones de billetera y herramientas de procesamiento para comerciantes
La empresa cita las ventajas de Litecoin, que incluyen velocidades de transacción rápidas, bajas tarifas y fiabilidad de la red, destacando su posición como la criptomoneda líder en BitPay por volumen de transacciones. El CEO Tomek Antoniak expresó confianza en el potencial de Litecoin para la utilidad en pagos del mundo real.
Luxxfolio Holdings (CSE: LUXX) (OTC: LUXFD)는 120만 달러 규모의 사모펀드 이후 여러 전략적 이니셔티브를 발표했습니다. 이 회사는 라이트코인 재무 전략을 시행하여 초기 4,982 LTC를 구매하고, 암호화폐 결제 채택의 다음 물결을 대비하고 있습니다.
주요 개발 사항은 다음과 같습니다:
- 라이트코인에 초점을 맞춘 디지털 자산 채굴 작업 재개 계획
- 거래를 검증하고 네트워크 참여를 강화하기 위한 라이트코인 전체 노드 구축
- 스테이블코인 통합, 지갑 솔루션 및 상인 처리 도구를 포함한 온체인 결제 인프라 개발
회사는 빠른 거래 속도, 낮은 수수료 및 네트워크 신뢰성과 같은 라이트코인의 장점을 언급하며, 거래량 기준으로 BitPay에서 주요 암호화폐로 자리 잡고 있다고 강조했습니다. CEO Tomek Antoniak는 라이트코인의 실제 결제 유용성에 대한 잠재력에 대한 확신을 표명했습니다.
Luxxfolio Holdings (CSE: LUXX) (OTC: LUXFD) a annoncé plusieurs initiatives stratégiques suite à un placement privé de 1,2 million de dollars. L'entreprise a mis en œuvre une Stratégie de Trésorerie Litecoin avec un achat initial de 4 982 LTC, se positionnant pour la prochaine vague d'adoption des paiements en cryptomonnaie.
Les développements clés incluent:
- Des plans pour explorer la reprise des opérations de minage d'actifs numériques, en se concentrant sur Litecoin
- Établissement d'un nœud complet Litecoin pour valider les transactions et améliorer la participation au réseau
- Développement d'une infrastructure de paiement on-chain, y compris l'intégration de stablecoins, des solutions de portefeuille et des outils de traitement pour les commerçants
L'entreprise cite les avantages de Litecoin, notamment des vitesses de transaction rapides, des frais bas et la fiabilité du réseau, notant sa position en tant que principale cryptomonnaie sur BitPay en termes de volume de transactions. Le PDG Tomek Antoniak a exprimé sa confiance dans le potentiel de Litecoin pour une utilisation dans les paiements du monde réel.
Luxxfolio Holdings (CSE: LUXX) (OTC: LUXFD) hat mehrere strategische Initiativen nach einer Privatplatzierung in Höhe von 1,2 Millionen Dollar angekündigt. Das Unternehmen hat eine Litecoin Treasury-Strategie mit einem anfänglichen Kauf von 4.982 LTC umgesetzt und sich somit für die nächste Welle der Akzeptanz von Krypto-Zahlungen positioniert.
Wichtige Entwicklungen umfassen:
- Pläne zur Erkundung der Wiederaufnahme von digitalen Asset-Mining-Operationen mit Fokus auf Litecoin
- Einrichtung eines vollständigen Litecoin-Knotens zur Validierung von Transaktionen und zur Verbesserung der Netzwerkbeteiligung
- Entwicklung einer On-Chain-Zahlungsinfrastruktur, einschließlich der Integration von Stablecoins, Wallet-Lösungen und Zahlungstools für Händler
Das Unternehmen hebt die Vorteile von Litecoin hervor, darunter hohe Transaktionsgeschwindigkeiten, niedrige Gebühren und Netzwerkzuverlässigkeit, und betont die Position als führende Kryptowährung bei BitPay nach Transaktionsvolumen. CEO Tomek Antoniak äußerte Vertrauen in das Potenzial von Litecoin für die Nutzung im realen Zahlungsverkehr.
- Secured $1.2 million in fresh capital through private placement
- Strategic acquisition of 4,982 LTC for treasury
- Potential revenue expansion through planned restart of Litecoin mining operations
- Development of new revenue streams through payment infrastructure and merchant solutions
- Mining operations currently inactive and restart timeline uncertain
- Significant capital allocation to volatile crypto assets (LTC) poses investment risk
Key Highlights
- Adoption of Litecoin Treasury Strategy - Initial purchase of 4,982 LTC as part of a new treasury allocation, positioning Luxxfolio for the next wave of crypto payment adoption.
- Litecoin Positioned for Real-World Utility - Litecoin leads in transaction volume on BitPay and benefits from growing institutional interest, with industry developments including Stripe's acquisition of Bridge and PayPal's stablecoin launch supporting crypto's role in everyday payments.
- Litecoin Node Deployment - Luxxfolio plans to establish and operate its own Litecoin node to enhance network participation, increase infrastructure resilience, and support Litecoin-based services.
- Focus on On-Chain Payment Infrastructure - Actively researching and developing technology to support crypto-based payments, including stablecoin integration, wallet solutions, and merchant processing tools.
$1.2 Million Private Placement Closed - Provides additional capital to support strategic growth, operations, and infrastructure development.- Exploration of Litecoin Mining Restart - Company intends to evaluate the reactivation of its digital asset mining operations, with a specific focus on Litecoin (LTC).
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - LUXXFOLIO Holdings Inc. (CSE: LUXX) (OTC Pink: LUXFD) (FSE: LUH0) (the "Company" or "Luxxfolio") is pleased to provide a general corporate update following the close of a
Following the successful financing, Luxxfolio is excited to announce its intention to explore the restart of digital asset mining activities, with a specific focus on Litecoin (LTC). This strategic initiative comes as the Company deepens its commitment to the evolving digital payments landscape and the infrastructure that supports it.
As part of its expanding infrastructure roadmap, Luxxfolio also intends to establish and operate a Litecoin (LTC) full node. Running a node will enable the Company to directly validate transactions on the Litecoin blockchain, increase its involvement in network security, and support a growing suite of Litecoin-native services. This move reinforces Luxxfolio's broader objective of contributing to decentralized infrastructure while gaining operational insights that will inform the development of merchant tools, wallet integrations, and other real-world use cases.
In tandem with the mining restart exploration, Luxxfolio is actively evaluating the development of emerging on-chain technologies designed to facilitate the real-world use of cryptocurrency for payments. These efforts include research and potential partnerships in the areas of stablecoin integration, crypto wallet technology, and merchant payment processing solutions. The Company believes this ecosystem-focused approach will position Luxxfolio at the forefront of the transition from speculative crypto use to practical, everyday payment utility. This approach aligns with the Company's previously disclosed proof-of-stake strategy, and will enable Luxxfolio to offer a distinctive, competitive suite of products and solutions.
Luxxfolio intends to provide further details regarding its mining exploration, node deployment and on-chain development initiatives in the coming weeks and months.
In alignment with this strategic direction, Luxxfolio is also announcing the adoption of a Litecoin treasury strategy. The Company has made an initial purchase of 4,982 LTC, reflecting its strong conviction that Litecoin is both (i) strategically positioned as the next emergent cryptocurrency for mainstream payments, as well as (ii) sufficiently stable and liquid as to provide an effective store of the Company's available working capital. As the broader digital asset industry pivots toward real-world utility, Luxxfolio sees Litecoin's network stability, low fees, and high transaction throughput as uniquely suited to meet this demand.
Litecoin (LTC) has emerged as a prominent cryptocurrency for real-world payments due to its fast transaction speeds, low fees, and robust network reliability-attributes that make it an ideal choice for everyday transactions. Designed as a lighter, more efficient alternative to Bitcoin, Litecoin boasts an average block time of just 2.5 minutes, enabling quicker confirmations compared to many other cryptocurrencies. Coupled with its minimal transaction costs, Litecoin offers a practical solution for merchants and consumers seeking seamless, cost-effective payment options. This real-world utility is underscored by its position as the number one cryptocurrency on BitPay, a leading crypto payment processor, where it consistently ranks highest in both transaction volume and value. This dominance on BitPay reflects Litecoin's widespread adoption and trust among users and businesses, solidifying its role as a frontrunner in driving cryptocurrency into mainstream commerce.
"We have a high level of conviction in Litecoin as one of the most reliable and undervalued assets in the digital asset space," said Tomek Antoniak, CEO of Luxxfolio. "With over a decade of continuous operation and a
About LUXXFOLIO Holdings Inc.
Luxxfolio is a digital infrastructure and technology company focused on enabling the next generation of crypto-powered commerce. The Company is developing and investing in on-chain technologies that support real-world cryptocurrency use cases, including stablecoin payments, merchant processing, and self-custody wallets. Luxxfolio has adopted a Litecoin treasury strategy as part of its long-term vision. With a foundation in decentralized systems and digital assets, Luxxfolio aims to help accelerate the mainstream adoption of crypto for everyday payments.
Contact Information:
For more information, please contact:
Tomek Antoniak, CEO
Tel: (833) 928-8883
Email: tomek@luxxfolio.com
www.luxxfolio.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "anticipates", intends", "will", or variations of such words and phrases or statements that certain actions, events, or results "will" occur. Forward-looking statements regarding the Company, its business and strategies, individual cryptocurrencies and the cryptocurrency market generally, are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking statements or forward-looking information contained herein are made as of the date hereof, and the Company will not update any forward-looking statements or forward-looking information that are contained or incorporated by reference herein, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246667
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