LM Funding America has completed a $23 million financing round to increase its Bitcoin holdings.

BlockBeats News, August 20th, LM Funding America, Inc. (Nasdaq: LMFA), focused on Bitcoin asset management and mining, announced the completion of a $12.6 million registered offering, as well as a $10.4 million private placement, raising a total of approximately $23 million. The net proceeds from this offering will mainly be used to purchase more Bitcoin for the company's asset management division.