Luxxfolio Provides Corporate Update, Increase in Litecoin Treasury | LUXFD Stock News

🗝️ Key Points

• Luxxfolio Holdings (LUXX) significantly increases its Litecoin treasury to 20,084 LTC.
• Successful completion of a $2.5 million financing round for infrastructure growth.
• Geoff Balderson appointed as new CFO following internal leadership changes.Luxxfolio Holdings Inc.

• Geoff Balderson appointed as new CFO following internal leadership changes.

Luxxfolio Holdings Inc. (LUXX) has announced a substantial increase in its Litecoin (LTC) holdings, raising its treasury to 20,084 LTC. This move represents an impressive Litecoin-per-share yield of 151.6%, with holdings increasing from 30,020 litoshis per share as of March 31, 2025, to 75,539 litoshis per share.

The company has successfully closed a $2.5 million private placement, aimed at bolstering its infrastructure growth, staking deployment, and ecosystem expansion. As part of its strategy, Luxxfolio has deployed 841 cbLTC into decentralized liquidity protocols to generate on-chain yield from its Litecoin reserves. This step underscores the company’s commitment to leveraging its Litecoin assets for yield generation and broader market adoption.

Luxxfolio is committed to advancing Litecoin infrastructure development in collaboration with the Litecoin community. The company is focusing on developments such as ZK-rollups, smart contract functionality, and Layer 2 innovations, which are crucial for enhancing Litecoin’s utility and adoption as a financial infrastructure.

In leadership news, Geoff Balderson has been appointed as the new Chief Financial Officer and Director, succeeding Geoff McCord. This leadership transition is expected to guide Luxxfolio through its next phase of growth and strategic infrastructure execution.

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