LM Funding raises $23 million to accelerate Bitcoin strategy According to Golden Finance, LM Funding America (NASDAQ: LMFA) announced the completion of approximately $23 million in financing, including $12.6 million in registered direct issuance and $10.4 million in private placement. The funds are mainly used to purchase more Bitcoin and strengthen the company's Bitcoin vault. The company has launched a Bitcoin funding strategy since 2021 and has accumulated 150 bitcoins, with 26 megawatts of mining capacity, and plans to acquire an 11 megawatt mining farm in Mississippi to expand its business.