LM Funding Trades Near $0.25 as Bitcoin-Backed Debt Maturity Extended
LM Funding America extended an $11 million loan with Galaxy Digital, using Bitcoin as collateral, and disclosed the move in a pre-market 8-K filing Wednesday. Shares last traded at $0.2536, leaving the company’s market cap near $5.4 million and below Nasdaq’s $1 minimum bid. LM Funding mined 9.4 Bitcoin in April, slightly down from March. The firm holds 334 Bitcoin, valued at about $25.3 million as of April 30.