Summary
- LM Funding America announced that it has raised $23 million through direct stock offerings and private placements.
- The raised funds are expected to be used for additional purchases of Bitcoin (BTC).
- LM Funding America revealed that it began its Bitcoin accumulation strategy in 2021 and currently holds 150BTC.
The Nasdaq-listed cryptocurrency mining firm LM Funding America has reportedly raised $23 million for the acquisition of Bitcoin (BTC).
On the 19th (local time), LM Funding America announced on its official website that it had raised $23 million through direct stock offerings and private placements, stating that "the funds raised will be used for additional Bitcoin purchases."
It is known that LM Funding America started its Bitcoin accumulation strategy in 2021. The company currently holds 150BTC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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