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LM Funding completed a $23 million financing round and plans to increase its holdings in Bitcoin.
On August 20, LM Funding America, Inc. (Nasdaq: LMFA), focused on Bitcoin asset management and Mining, announced the completion of a $12.6 million registered issuance and a $10.4 million private sale, raising approximately $23 million in total. The net proceeds from this issuance will primarily be used to purchase more Bitcoin for the company's asset management department.