* LM Funding America (NASDAQ:LMFA [https://seekingalpha.com/symbol/LMFA]) has announced the pricing of a $12.6 million registered direct offering and the closing of a $10.4 million private placement for combined gross proceeds of about $23.0 million.
* The net proceeds from the offerings will be used primarily to purchase additional Bitcoin for the company’s treasury.
* LMFA -34.81% premarket to $1.61.
* Source: Press Release [https://seekingalpha.com/pr/20205214-lm-funding-america-raises-23-million-direct-investment-to-accelerate-bitcoin-treasury]
MORE ON LM FUNDING AMERICA
* LM Funding America outlines 26 MW mining capacity target with Mississippi acquisition while expanding immersion operations [https://seekingalpha.com/news/4485409-lm-funding-america-outlines-26-mw-mining-capacity-target-with-mississippi-acquisition-while]
* LM Funding America’s bitcoin treasury valued $17.8M at July-end [https://seekingalpha.com/news/4482583-lm-funding-america-s-bitcoin-treasury-valued-17_8m-at-july-end]
LM Funding America raises $23M investment to accelerate Bitcoin treasury
Published 2 months ago
Aug 19, 2025 at 1:23 PM
Negative
Auto