LM Funding America Estimates That Value Of Its 160.5 Bitcoin Holdings On June 30, 2024, Was Approximately $10.2M
Portfolio Pulse from Benzinga Newsdesk
LM Funding America (LMFA) estimates the value of its 160.5 Bitcoin holdings to be approximately $10.2 million as of June 30, 2024.
July 16, 2024 | 9:05 pm
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LM Funding America (LMFA) estimates the value of its 160.5 Bitcoin holdings to be approximately $10.2 million as of June 30, 2024. This valuation highlights the company's significant exposure to Bitcoin, which could impact its stock price based on Bitcoin's market performance.
The valuation of LMFA's Bitcoin holdings at $10.2 million indicates a significant asset on its balance sheet. Given Bitcoin's volatility, this could positively impact LMFA's stock price if Bitcoin's value increases, or negatively if it decreases.
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