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LM Funding America Inc. (LMFA) purchased 164 bitcoin at an average price of $113,850 per bitcoin, totaling approximately $18.67 million, according to a company statement. The acquisition brings the company’s total bitcoin holdings to 311 bitcoin as of August 22, 2025.
The purchase follows the company’s recent $23 million financing, with most proceeds allocated to treasury growth. LM Funding launched its bitcoin treasury strategy in 2021 and added mining operations in 2022.
"Bitcoin stands apart as the hardest form of money ever created — perfectly scarce, finite, and increasingly recognized as a core asset class," said Bruce Rodgers, Chairman and CEO. "With this latest purchase of 164 BTC, we are reinforcing our belief that Bitcoin is currently the best long-term store of value."
The company estimates its 311 bitcoin holdings were worth approximately $36.1 million, or $2.38 per outstanding share, based on a bitcoin price of $116,000 as of August 22, 2025. This compares to the company’s closing share price of $1.37 on the same date.
LM Funding operates as a bitcoin treasury, mining and technology-based specialty finance company founded in 2008 and based in Tampa, Florida. The company has accumulated bitcoin through mining operations and direct purchases.