LM Funding America

LM Funding America, Inc.

Treasury Qualification

Treasury classificationBitcoin Miner with Strategic Holdings

Qualification tierCore Directory

Directory statusIncluded

Ownership statusCompany-owned Bitcoin held directly or through arrangements associated with LM Funding's Galaxy Digital loan facility. The company reported 322.7 BTC as of May 31, 2026. No customer, borrowed, or third-party-owned Bitcoin is included. A current pledged-versus-unencumbered reconciliation was not disclosed with the May balance.

Strategic intent

LM Funding operates as a Bitcoin treasury and mining company and identifies Bitcoin treasury operations as one of its principal businesses. Management tracks Bitcoin per share, retains mined Bitcoin while selling portions for liquidity and debt service, and seeks to increase long-term shareholder exposure to its Bitcoin holdings.

Bitcoin Treasury

BTC counted in directory323 BTC

Estimated value$20,579,547BTC price retrieved: July 28, 2026 at 19:59 UTC

Holdings as ofMay 31, 2026

Average purchase priceNot disclosed

Ownership and Restrictions

Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.

Total BTC reported323

Unencumbered / unrestrictedNot separately disclosed

Pledged as collateralNot separately disclosed

Loaned to third parties0

Subsidiary-ownedNot separately disclosed

Other restricted / receivableNot separately disclosed

Latest Financial Results

Reporting period: Three months ended March 31, 2026

RevenuePending

Operating income/lossPending

Net income/lossPending

CashPending

Management

Chief executive officer: Bruce M. Rodgers
Chief financial officer: Richard Russell
Executive chair: Bruce M. Rodgers

Research Notes

LM Funding reported a Bitcoin treasury of 322.7 BTC as of May 31, 2026, valued at approximately $23.8 million. The company mined 9.8 BTC during May and actively manages the balance by retaining production while selling Bitcoin as needed for liquidity and financing obligations. Its March 31, 2026 Form 10-Q states that Bitcoin represented 100% of treasury holdings and identifies Bitcoin treasury operations as a distinct business line. At April 30, 2026, LM Funding reported 334.0 BTC, including 174 BTC held by Galaxy Digital in connection with its loan facility. Because the May 31 update did not provide a refreshed pledged or Galaxy-held amount, current pledged and unencumbered fields remain unspecified rather than carrying forward the April figure. The latest balance contains no customer or borrowed Bitcoin.