Bitcoin mining company LM Funding America spends $8 million to repurchase stocks and warrants
Foresight News reported that Nasdaq-listed Bitcoin mining company LM Funding America announced the repurchase of 3,308,575 shares of common stock and related warrants at a price of $2.41 per unit, with a total repurchase consideration of approximately $8 million. The funds for this repurchase were obtained from a loan financing provided by Galaxy Digital, using Bitcoin as collateral.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Buidlpad launches new platform Vibe, focusing on early-stage project financing
Data: The current Crypto Fear & Greed Index is 28, indicating a state of fear.
Analyst: Strategy tests 9 new addresses, suspected custody service transition
Trending news
MoreCrypto prices
More
