LM Funding Raises $23 million to Accelerate Bitcoin Strategy
2025-08-20 13:57:58
LM Funding America (NASDAQ: LMFA) announced the completion of financing totaling approximately $23 million, including a $12.60 million registered direct offering and a $10.40 million private placement. The funds are primarily used to purchase more bitcoins and strengthen the company's bitcoin vault. The company has amassed 150 bitcoins since launching its bitcoin funding strategy in 2021, has 26 trillion watts of mining capacity, and plans to acquire 11 trillion Mississippi mining farm to expand its business.
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