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Treasury

Myriad Moves: Will Dogecoin Pump or Dump? And How Big Will SharpLink’s Ethereum Treasury Get?

by admin August 31, 2025

In brief

Top markets on Myriad this week focus on Dogecoin’s next move, SharpLink’s Ethereum holdings, and the U.S. Open.
Predictors think SharpLink Gaming will achieve its goal of accumulating 1 million ETH by September 16.
They also lean bullish on DOGE, expecting a pump to $0.30 before a dump to $0.15.

Have a strong opinion on who’s taking home the U.S. Open men’s singles title, where Dogecoin’s price is headed, or SharpLink Gaming’s path to holding 1 million Ethereum (ETH)?

You can make your call on those hot topics and many more via Myriad Markets’ prediction markets on Ethereum layer-2 networks Abstract and Linea.

Prediction markets have quickly become one of crypto’s most popular consumer apps, giving users a chance to put their money where their mouth is on everything from sports and pop culture to token prices and corporate moves.

Here’s a look at the hottest Myriad markets this week.

(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.)

Will SharpLink (SBET) hold 1M ETH by September 16?

Market Open: August 6
Market Close: September 14
Volume: $8.96K
Link: See the latest odds on the “Will SharpLink (SBET) Hold 1M ETH by September 16?” market on Myriad

Minneapolis-based SharpLink Gaming adopted an Ethereum treasury strategy in April and has already amassed more than $3.6 billion worth of the second-largest crypto asset by market cap.

But the firm doesn’t want to stop there, aiming to acquire 1 million ETH as its first major milestone. Thus far, it sits nearly 80% of the way there, having acquired just shy of 800,000 ETH as of its latest announcement on Tuesday.

Predictors on Myriad though are asked whether or not the firm will complete its goal in the coming weeks and stash away 1 million ETH by September 16.

As of Thursday morning, predictors give the firm around a 56% chance of accomplishing the feat, a drop of around 14% in the last week despite SharpLink’s recent addition of more than 55,000 ETH.

In its Tuesday announcement, the firm also indicated it has around $200,000,000 in cash on hand ready for ETH purchases and had raised an additional $360 million via its at-the-money (ATM) offering to do the same.

With that much purchasing power, it could add around 122,000 ETH based on today’s Ethereum prices. Unfortunately though, even a major purchase of 122,000 ETH would leave SharpLink about 80,000 ETH shy of its target.

Plus, the firm has only ever purchased more than 100,000 ETH on two separate occasions according to data from StrategicETHReserve.xyz.

But it may not need a major splash purchase in order to accomplish the task by September 16.

SharpLink only needs to average around 67,000 ETH for each of the next three weeks to get the job done—an amount it exceeded with six of its last seven Ethereum acquisitions.

What’s Next? The firm typically announces its purchases on Tuesdays. There are three Tuesdays left before the market resolution.

Will Sinner win the U.S. Open men’s singles title?

Market Open: August 14
Market Close: September 7
Volume: $30.6K
Link: See the latest odds on the “Will Sinner Win the U.S. Open Men’s Singles Title?” market on Myriad

Tennis is back in the Big Apple, wrapping the tennis calendar’s Major Championship season with a final two-week event in New York City—the U.S. Open.

Reigning champion and recent Wimbledon victor Jannik Sinner is the favorite, and Myriad predictors are tasked with identifying whether or not he’ll raise the trophy once more.

As play enters the second round, predictors are split, giving Sinner a 51.4% chance of walking out of New York with his second straight U.S. Open crown. But rival Carlos Alcaraz is still in the draw, and so is 24-time major champ, Novak Djokovic.

Nevertheless, the odds are in line with those from traditional sportsbooks like DraftKings and FanDuel, which offer Sinner at -105 in American odds or around a 51.22% implied probability.

Odds for the Italian have jumped around 4% in the last seven days on Myriad as his draw has eased up, losing top British talent and #5 seed Jack Draper to injury withdrawal.

On the other side, Alcaraz—the second-most likely to win the tournament—will face a much tougher road to the final, potentially needing to get through Americans Ben Shelton or Taylor Fritz, and maybe even Djokovic, who all grace his side of the bracket.

What’s Next? Sinner will play his second round match at 12:30p.m. ET on Thursday.

Dogecoin’s next move: Pump to $0.30 or dump to $0.15

Market Open: August 25
Market Close: Open Until Resolved
Volume: $924
Link: See the latest odds on the “Dogecoin’s Next Move: Pump to $0.30 or Dump to $0.15” market on Myriad

Bitcoin and Ethereum have both made new all-time highs this year—both this month, even—but Dogecoin still sits more than 69% off its top mark of $0.73 from 2021.

Yet, whales are still stacking the meme coin anyway, and its market cap is still high enough to fall inside the top 10 of all crypto assets according to data from CoinGecko.

A new prediction market on Myriad asks predictors to guess the token’s next move—a pump to $0.30 or dump to $0.15. With the token price stuck right in the middle, trading hands at $0.22 as of Thursday morning, predictors are also split down the middle.

Odds for a pump to $0.30 edge out a dump, priced at 54% at the time of writing as Dogecoin has climbed around 2% in the last 24 hours.

The token has jumped over 100% on the year, but will need another 33% boost to reach $0.30 from here—a mark it hasn’t held since February.

What type of catalyst might help propel it further? It won’t immediately come from an ETF. The Securities and Exchange Commission (SEC) recently announced it was delaying its decision on a spot Dogecoin ETF applied for by Grayscale.

But “believers” are still accumulating the asset, with an analyst recently telling Decrypt that “long-run investors [are] positioning for potential upside.”

Will those believers be rewarded with $0.30 DOGE soon? Dogecoin is the only non-stablecoin asset in the top 10 cryptocurrencies that hasn’t hit an all-time high in the last year, so maybe it’s due for a serious surge. Maybe not.

What’s Next? Though delayed, decisions on spot ETFs for Dogecoin and other alternative cryptocurrencies could come by October according to Bloomberg ETF analyst, Eric Balchunas.

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August 31, 2025 0 comments

GameFi Guides

Real Estate Firm’s Stock Spikes After Revealing First Publicly Traded Chainlink Treasury

by admin August 31, 2025

In brief

Caliber, a publicly traded real estate asset management firm, is starting a Chainlink treasury.
The firm will use cash reserves and existing access to capital to acquire LINK.
CWD shares jumped nearly 60% on Thursday as the price of LINK itself rose 2.5%.

Caliber, a publicly traded real estate asset management company, saw its stock price skyrocket Thursday after announcing that it has adopted a digital assets treasury strategy that will center on Chainlink (LINK).

The firm’s strategy was approved by its board of directors, allowing it to allocate a portion of its treasury to acquire LINK—the token that powers a Chainlink’s oracle network, which brings real-world data to blockchain apps. Caliber will use its balance sheet and existing access to capital to acquire LINK, though the firm has not shared how much it intends to acquire.

“This strategy combines what Caliber already does best—raising and managing capital in private equity real estate funds—with one of the most promising financial technologies of our time,” Caliber CEO Chris Loeffler told Decrypt.

“That technology, Chainlink, is directly applicable to our existing real estate business and it will help us to better automate our real estate value calculations (NAV automation), help better administer our funds, and it can help us potentially provide stronger liquidity options for our suite of private funds,” he added.

In addition to the digital asset treasury, the board of directors approved the creation of the Caliber Crypto Advisory Board—a group of crypto and blockchain experts that will help guide the firm’s digital asset treasury strategy. Loeffler told Decrypt that the board’s composition would be announced soon.

Shares in Caliber (CWD) are up 59% since the opening bell on Thursday, now trading hands at $2.70. However, the stock has traded down nearly 4% in the last month and 78% in the last year.

As for why investors would choose CWD shares over buying LINK itself, Loeffler told Decrypt that “it’s a leverage play.”

“We’re going to give them leverage through our consistent acquisition, through the staking process,” he said. “If they’re a big investor in Chainlink already and they want to take a position in Caliber to get sort of a levered play on that, that would be the way to think about it.”

In the near future, it may not be eligible for trading on the Nasdaq, though. A filing with the SEC from Wednesday indicates that Caliber received a letter stating it was no longer in compliance with Nasdaq’s Stockholder Equity Requirement, and therefore has 45 days to provide a plan to Nasdaq which would satisfy that requirement. If it fails to do so, its stock could be delisted from the exchange.

Chainlink (LINK) is up around 2.5% in the last 24 hours and more than 41% on the month.

On Thursday, the Department of Commerce announced it would team up with Chainlink’s decentralized oracle network to integrate macroeconomic data into the DeFi ecosystem.

Furthermore, the 13th largest crypto asset by market cap recently earned an ETF filing from Bitwise. Earlier this month, the team behind the network announced a new Chainlink Reserve funded via the network’s on-chain and off-chain revenues.

Loeffler’s X account bio now notes that he’s a “new recruit to LINK Marines,” referencing a loose group of die-hard Chainlink investors that advocate for the asset across social media. He also celebrated Chainlink’s collaboration with the U.S. government for on-chain economic data.

“Couldn’t have timed it better, the federal government is a pretty good customer for Chainlink,” Loeffler posted on X.

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August 31, 2025 0 comments

NFT Gaming

Dogecoin price slumps despite Elon Musk, DOGE treasury rumor

by admin August 30, 2025

Dogecoin slipped more than 2% to $0.21 in the last 24 hours, bucking the coin’s usual pattern of rallying on Elon Musk-related news.

The drop comes as rumors swirl that Musk’s attorney, Alex Spiro, is spearheading a Dogecoin (DOGE) treasury project aimed at raising $200 million from public investors.

According to Fortune, investors are receiving offers for a public vehicle that will invest in Dogecoin coins.

Summary

Dogecoin slips 2% to $0.21 despite news of a $200m treasury initiative
Elon Musk’s lawyer Alex Spiro is set to chair the planned DOGE treasury
House of Doge backs the venture as Dogecoin’s official corporate vehicle

Dogecoin price slumps despite positive rumors

Since its 2013 debut, Dogecoin’s price has often moved in step with Musk’s public comments. However, the market’s muted response to the proposed treasury vehicle—a project reportedly approved by the official Dogecoin organization, the House of Doge—suggests that traders may be prioritizing fundamentals over hype.

Details about the structure and launch timeline remain scarce, even as analysts see potential for a renewed rally.

Spiro’s Track Record Defending Musk in Crypto Cases

Alex has successfully defended Musk against allegations of market manipulation.

In August 2024, Spiro helped secure the dismissal of a 2022 lawsuit claiming Musk had manipulated Dogecoin markets through social media posts.

Spiro, who also represents celebrities such as Jay-Z and Alec Baldwin, successfully argued that Musk’s comments constituted protected speech rather than market manipulation.

Musk’s influence over Dogecoin pricing has been so pronounced that his social media activity has become a key factor in trading strategies.

His 2021 Saturday Night Live appearance, where he called Dogecoin “a hustle,” caused immediate price volatility.

Nevertheless, analyst Ali recently posted on X that “Dogecoin $DOGE is ready for a 30% move.” This suggests that technical momentum may be building despite current price weakness.

This prediction aligns with historical patterns where DOGE often experiences sharp moves following periods of consolidation.

The treasury company’s plans could provide sustained buying pressure for Dogecoin if successfully launched.

At last check Saturday, Dogecoin is down nearly 9% over the previous seven days.

Source: CoinGecko

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August 30, 2025 0 comments

Investors Watch $SNORT as First UK Solana Treasury Is Announced

NFT Gaming

First UK Solana Treasury Launches, All Eyes Are on Snorter Token

by admin August 30, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

DeFi Development announced the launch of DFDV UK, the very first Solana public treasury vehicle in the UK. The move is part of the company’s strategy to expand Solana treasury vehicles across the global market.

Joseph Onorati, CEO of DeFi Development, declared in the official press release:

DFDV UK is a milestone: the first Solana treasury vehicle in the United Kingdom and a proof point for our global expansion strategy. This launch underscores our commitment to growing Solana per share (SPS) and to supporting the Solana ecosystem globally.

—Joseph Onorati, Official Press Release

DeFi Development made the news two days ago when it bought 407,247 $SOL for a total investment of $77M. This acquisition increased the company’s $SOL reserves to 1,831,011 worth $371M in value.

As Solana treasuries increase in number, hype is building for $SOL and its ecosystem. And traders are watching new low-cap coins on presale based on Solana that might explode. Coins like Snorter Token ($SNORT), which is building the fastest and cheapest Telegram trading bot on Solana.

Solana Sees Increased Institutional Support

DeFi Development isn’t the first to create a $SOL treasury, as Upexi leads in the charts with over 2M $SOL.

That being said, only five companies have $SOL treasuries right now, which DeFi Development hopes to change soon. The company set a precedent after its $77M buy, while declaring that it still holds $40M for additional $SOL purchases.

Shortly after announcing the purchase, DFDV jumped almost 8% on Nasdaq, closing the 28th at $16.47.

On an even more important note, DFDV has been on a sustained rally for the past six months, with a growth rate of 2,812%. The recent announcement could push this number even higher, especially since DeFi has five more treasury vehicles in development.

Long-term, DeFi Development’s Solana strategy could set the crypto ecosystem for global expansion, which will trigger the $SOL bull. When that happens, all Solana-based ecosystems will experience sustained growth, Snorter Token being among the top contenders.

How Snorter Token ($SNORT) Turns Coin Hunting Profitable

Snorter Token ($SNORT) turns coin hunting profitable with the help of the Snorter Bot, your friendly Aardvark sniper trained in detecting and sniping hot tokens in milliseconds.

This Solana-based token collector operates from a Telegram chat, centralizing its activity in one hub to make things simpler and safer.

Thanks to its precision and quick reflexes, the Bot is more effective than even professional trading UIs like Raydium, Pump Fun, and Jupiter.

Snorter also comes with integrated scam detectors, which protect against suspicious projects, copy trading, so you can use other traders’ successful strategies, and an incorporated wallet.

Thanks to these perks, you no longer need to leave the Bot’s Telegram hub to set up your wallets or install a number of browser UIs to aid you in your coin hunt; the Bot does it all.

You only need to set up the Bot according to your trading strategy, kick back, and watch it work its magic.

The Snorter Token presale has raised over $3.5M with a token price of $0.1029 and it shows extensive growth potential.

Considering the project’s utility, our analysts’ price prediction for $SNORT is $0.94 by the end of 2025. Once Snorter Bot sees mainstream adoption and gains momentum, the token could push to $3.25 by 2030 for an ROI of 3,064%.

If you want to support Snorter Token, you can buy your way in right now by going to the presale page. Check out our ‘How to buy $SNORT’ guide if you need assistance.

Solana Could Push to $300 in the Next Alt Season

$SOL is trading at $202 right now, likely preparing to test its resistance point at $213. A successful breach could kickstart a rally to $300, which would hype up the entire crypto sphere.

If that happens, keep your eyes on Snorter Token ($SNORT) and consider buying your ticket in, given that the token is still at its presale price.

Don’t take this as financial advice. Do your own research (DYOR) and invest wisely.

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August 30, 2025 0 comments

Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)

NFT Gaming

AMBTS Raises $23.2M to Build BTC Treasury

by admin August 30, 2025

Amsterdam Bitcoin Treasury Strategy (AMBTS), established by Dutch crypto-asset service provider Amdax, has raised €20 million ($23.2 million) in its initial financing round. The funding, secured through private placements, will seed the company’s bitcoin accumulation strategy. The round, capped at €30 million ($34.8 million), is expected to close in September 2025.

The proceeds will support AMBTS’s plan to establish one of the first independent bitcoin treasury companies in Europe, with a listing on Euronext Amsterdam. Over the long term, AMBTS aims to grow its holdings to at least 1% of all bitcoin in circulation.

Marc van der Chijs, founder of bitcoin miner Hut 8, is among the early backers.

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August 30, 2025 0 comments

Crypto Trends

Elon Musk’s Lawyer to Chair $200M Dogecoin Treasury Plan: Report

by admin August 30, 2025

Elon Musk, the billionaire tech mogul, is once again making headlines through his inner circle. His personal lawyer, Alex Spiro, is listed as chairman of a new Dogecoin digital asset treasury (DAT) aiming to raise at least $200 million, Fortune reported on Friday, citing anonymous sources.

According to the report, investors are already receiving pitches for the Dogecoin treasury company, which plans to invest directly in the token. However, the exact timeline for the launch remains unclear. The House of Doge, the organization tied to the memecoin Dogecoin, has not yet commented on this.

Spiro, known for representing celebrity clients like Jay-Z and Alec Baldwin, is now stepping into crypto leadership. His involvement adds weight to Dogecoin’s growing push into mainstream finance.

DATs, or digital asset treasuries, have become one of the hottest trends in crypto. Several Nasdaq-listed firms have recently transformed into token-accumulating companies, backing assets such as Solana, SUI, Toncoin, and World Liberty Financial’s WLFI governance token.

Dogecoin Market Update

As of writing, Dogecoin was down 2%, trading at $0.2761 with a market cap of $32.81 billion, according to CoinMarketCap. Despite the dip, the memecoin still enjoys huge community support.

The biggest DAT to date is Michael Saylor’s Strategy, holding nearly $70 billion worth of Bitcoin. Inspired by this model, Bit Origin also announced plans in July to build a corporate Dogecoin treasury with $500 million in funding.

Musk, Dogecoin’s most famous supporter, recently said that “fiat is hopeless,” reinforcing his belief in digital assets.

Also Read: Musk Says Fiat Hopeless; His America Party Supports Bitcoin

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August 30, 2025 0 comments

GameFi Guides

Japanese gaming giant Gumi picks XRP for treasury strategy

by admin August 29, 2025

Japanese gaming platform Gumi has expanded its foray into the crypto treasury strategy ecosystem with a $17 million initial splash on XRP.

Summary

Tokyo-listed Gumi has acquired $17 million of XRP for a treasury bet.
The video game developer joins a growing list of public companies adding XRP to their balance sheets.

Gumi, a Tokyo-listed video game developer backed by financial services and investment giant SBI, has picked Ripple’s XRP (XRP) for its crypto treasury asset. The company announced on Aug. 29 that it had purchased approximately $17m worth of XRP, beginning its accumulation of the cryptocurrency as a balance sheet asset.

The move, which will see Gumi buy Ripple’s native token over the next several months, adds to the video game developer’s earlier purchase of Bitcoin (BTC). The company bought 80,352 BTC for about $6.7 million earlier this year, with the strategy including staking on platforms such as Babylon.

Investment in XRP as part of Gumi’s crypto strategy aligns with plans to tap into opportunities across the blockchain ecosystem, the company said.

“Through contributing to the expansion of the XRP ecosystem, which plays an important role in the international remittance and liquidity network strategy primarily promoted by SBI Holdings, we aim to expand revenue opportunities in that business,” it said in a post on X.

Everything Blockchain makes XRP move

XRP is among top altcoins that are attracting a lot of attention, with more public companies coming forth with treasury strategy plans.

On Aug. 29, Everything Blockchain joined VivoPower in tapping into Flare Network for its XRP strategy move. Everything Blockchain announced it had sealed a memorandum of understanding with Flare to explore an XRP yield strategy.

VivoPower recently initiated a $100 million XRP deployment via Flare and Everything Blockchain looks to take a similar route into leveraging yield opportunities with the Ripple cryptocurrency.

“This is about unlocking the true financial utility of digital assets like XRP, not just as speculative holdings, but as yield bearing instruments that can compound over time,” said Arthur Rozenberg, chief executive officer of Everything Blockchain. “Flare gives us the rails to do this in a way that meets the governance, security, and auditability standards required of public companies.”

China’s Webus International, Trident Digital and Nature’s Miracle are among companies to recently unveil XRP treasury strategies. These moves come as Ripple, the company behind XRP, looks to expand its global reach following years of constraint amid a legal tussle in the United States.

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August 29, 2025 0 comments

Crypto Trends

Canadian Firm Luxxfolio Plans $100M Boost for Litecoin Treasury

by admin August 29, 2025

Canadian crypto firm Luxxfolio Holdings Inc. plans to raise up to CAD$100 million (approximately US$73 million) through a shelf prospectus to expand its Litecoin-focused treasury strategy. The filing allows the company to issue shares, debt, or other securities over the next 25 months.

Building infrastructure around Litecoin

Luxxfolio shifted its treasury from Bitcoin to Litecoin earlier this year, calling the cryptocurrency “hard currency.” CEO Tomek Antoniak stated that the funds would help expand the company’s infrastructure and support merchant payments, stablecoins, and crypto wallets. The company has been steadily acquiring Litecoin, aiming to hold 1 million LTC by 2026.

Luxxfolio is struggling financially. In Q2 2025, it lost $197,000, up from just $8,000 in the same quarter last year, as per their report. Luxxfolio ended the quarter with just $112,000 in cash and relied on a private placement of $844,000 to stay operational. Since 2017, the company has recorded nearly $19 million in losses.

Industry experts caution that simply holding Litecoin is not enough. Mehow Pospieszalski, CEO of American Fortress, said institutions look for adoption, compliance, and usable infrastructure, not just price gains.

MEI Pharma makes a major move into Litecoin

Meanwhile, U.S.-listed pharmaceutical firm MEI Pharma (NASDAQ: MEIP) has acquired $100 million worth of Litecoin, making it the first American company to adopt LTC as its main treasury asset.

Between July 30 and August 4, MEI bought 929,548 LTC at an average price of $107.58. With Litecoin now trading around $124, the holdings are worth roughly $115 million.

The acquisition was structured as a private investment in public equity (PIPE) deal led by crypto capital markets firm GSR, which will also act as MEI’s digital asset treasury manager and strategic advisor. MEI plans to sell 29.2 million shares at $3.42 each, closing around July 22, 2025.

Alongside Luxxfolio, MEI’s move highlights a rising trend: companies are increasingly holding altcoins like Litecoin in their treasuries, a strategy that could pique institutional interest when these cryptocurrencies prove useful in the real world.

Also Read: DeFi Dev Corp Expands Solana Treasury With $77M Purchase

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August 29, 2025 0 comments

GameFi Guides

Chainlink (LINK) Chosen By Nasdaq-Listed Caliber For New Crypto Treasury

by admin August 29, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

An increasing number of asset managers are adopting cryptocurrencies as treasury reserves. Nasdaq-listed Caliber is the latest to join this trend, having recently announced the formal approval of its new Digital Asset Treasury (DAT) Strategy, which features decentralized oracle provider Chainlink (LINK) at its core.

LINK Tokens As Reserve Assets

The announcement came from Caliber’s Board of Directors, which outlined its intention to not only purchase LINK tokens but also engage in activities aimed at maximizing returns from these digital assets.

With a focus on the token’s long-term appreciation potential, the real state-focused asset manager plans to hold the cryptocurrency as part of its equity portfolio and generate yield through staking, further diversifying its investment strategy.

To support the implementation of this digital asset approach, Caliber has established the Caliber Crypto Advisory Board (CCAB). This dedicated advisory group, composed of experts in digital assets and blockchain technology, will provide guidance on the DAT Strategy and Policy..

The DAT Policy itself outlines a framework for the acquisition, custody, and management of digital assets, including specific protocols for security and internal controls.

The Board believes that adopting this strategy will not only enhance shareholder value but also strengthen the company’s balance sheet and improve liquidity. By holding LINK as a reserve asset.

Additionally, the integration of Chainlink’s technology is expected to streamline key business processes, such as asset valuation and fund administration, further benefiting the company.

Chainlink’s Partnership With US Commerce Department

Chris Loeffler, Chief Executive Officer of Caliber, emphasized the importance of this strategic move, stating, “We believe that implementing a digital asset treasury strategy strengthens our balance sheet and aligns Caliber with the future of digital finance.”

He noted that this initiative positions Caliber at the forefront of innovation in the real estate and investment management sectors, reinforcing its commitment to becoming a “diversified alternative asset manager.”

To ensure the responsible execution of this strategy, the asset manager said it has collaborated with a team of experts, including legal advisors from Perkins Coie and Manatt, Phelps & Phillips, as well as its existing audit firm, Deloitte.

Caliber’s announcement precedes a significant breakthrough for the Chainlink network, which recently partnered with the US Commerce Department to bring critical macroeconomic data on-chain.

The 1D chart shows LINK’s price volatility witnessed over the past week. Source: LINKUSDT on TradingView.com

NewsBTC reported earlier today that following the disclosure of the partnership, LINK’s price experienced a notable surge, reaching approximately $25, reflecting a 6% increase. As of this writing, the Chainlink’s price has dropped toward $24.86, losing earlier gains to a 1.8% increase now recorded in the 24-hour time frame.

Featured image from DALL-E, chart from TradingView.com

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August 29, 2025 0 comments

Crypto Trends

Canadian Firm Luxxfolio Plans $73M Raise to Expand Litecoin Treasury Strategy

by admin August 29, 2025

In brief

Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans.
It comes as the firm posted zero revenue and a net loss of $197,000 in Q2, with just $112,000 in cash and cumulative losses nearing $19 million.
Litecoin treasuries may attract institutions if tied to usable infrastructure, but risks remain if they just sit on it, Decrypt was told.

Canadian crypto infrastructure firm Luxxfolio filed a shelf prospectus on Thursday to raise up to CAD$100 million (US$73 million), months after becoming the first publicly listed company to anchor its treasury in Litecoin following a broader pivot away from Bitcoin mining.

Luxxfolio views Litecoin “as hard currency,” CEO and Director Tomek Antoniak said in a statement.

“In our sector, scale is critical—the larger our treasury, infrastructure, and ecosystem footprint, the greater our ability to capture market share and influence adoption,” Antoniak said, adding that the shelf would give Luxxfolio “flexibility” to scale and meet market demands.

Once approved, Luxxfolio’s shelf prospectus will enable it to raise funds over 25 months through the issuance of shares, debt, or other securities.

The latest filing follows Luxxfolio’s move in July to begin disclosing its Litecoin purchases, with a strategic advisor confirming earlier this month that the company is targeting a total of 1 million LTC by 2026.

Litecoin creator Charlie Lee, meanwhile, joined its advisory board in late June.

Luxxfolio, like others jumping on the crypto treasury trend, is positioning its strategy around reserves and infrastructure, despite its financials being in poor shape, marked by mounting losses and limited liquidity for its stock.

Key signs of strain include no revenue, a net loss of approximately $197,000 for the second quarter, compared with a net loss of $8,000 in the same period a year earlier, and nine-month losses that more than doubled year-over-year, according to its latest quarterly financials.

The company closed Q2 this year with just $112,000 in cash and relied on a $844,000 private placement to stay afloat, with nearly $19 million in total losses since its inception in 2017.

Its management had warned of “significant doubt” about its ability to continue operating without fresh capital. Decrypt has reached out to Luxxfolio for comment.

Don’t just sit on it

Observers argue that a Litecoin-focused digital asset treasury can draw institutional attention if it goes beyond passive accumulation.

Such a model could “absolutely attract institutional capital if it’s paired with usable infrastructure,” Mehow Pospieszalski, CEO of wallet infrastructure platform American Fortress, told Decrypt.

Citing how inflows on the Litecoin ecosystem top over $100 million, Pospieszalski said that institutions “don’t deploy that kind of capital into a ghost chain,” instead, “they’re looking for scalable rails, compliance pathways, and user adoption.”

Risks remain, however, if “DATs just sit on assets and hope for ‘number go up,’” Pospieszalski said.

“They risk repeating 2008-style leverage cycles,” but the difference could come “when treasuries actually grow the ecosystem” by building tools that bring in users, he said.

Luxxfolio and others appear to be taking that path “to eliminate the bubble risk by replacing speculation with utility,” he added.

“Institutional capital has a tendency to gravitate toward assets with the following characteristics: deepest liquidity, strongest adoption, with the most established market narrative,” Shawn Young, chief analyst at MEXC Research, told Decrypt, adding that those qualities are “areas that Bitcoin clearly dominates.”

Litecoin, while having “technical merit and long-standing credibility,” has less developed institutional use cases, Young said.

Litecoin could “carve out a niche if paired with real utility,” but is “unlikely to command the same level of institutional inflows as Bitcoin-based strategies,” he said.

Still, the rise of altcoin treasuries “can be the decisive spark that ignites the final phase of the current market cycle,” Ray Youssef, CEO of NoOnes, told Decrypt.

Portfolio strategy pivots from companies like BitMine, SharpLink, Pantera, and others, are starting to “treat blue-chip altcoins as treasury-grade reserve assets,” Youssef said.

That “vote of confidence,” he argued, is reshaping how altcoins are perceived, signaling that “institutional capital is no longer reserved exclusively for Bitcoin.”

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August 29, 2025 0 comments