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.
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Transfer amounts remain private, and Sui confidential transfers support settlement on public blockchains.
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