Summary:
LM Funding reports $15 million in Bitcoin holdings as of December 31, 2024.
Anticipates a $4 million gain on fair value of mined Bitcoin in Q4 2024.
Strengthens confidence in Bitcoin's growth potential as they enter 2025.
LM Funding's Bitcoin Holdings
Bruce Rodgers, Chairman and CEO of LM Funding (LMFA), has expressed satisfaction with the progress and performance of their Bitcoin mining operations. As of December 31, 2024, the company holds 150.2 Bitcoin, valued at approximately $15 million.
Anticipated Gains
In the upcoming Q4 2024, LM Funding expects to recognize a Gain on Fair Value of Mined Bitcoin of about $4 million. This positive outlook reinforces their confidence in their strategy and belief in Bitcoin's substantial growth potential as they approach 2025.
Market Sentiment
The report highlights the growing interest in Bitcoin mining and investment, suggesting optimism in the market. LM Funding's significant holdings position them well as the cryptocurrency landscape evolves.
Conclusion
This substantial investment in Bitcoin reflects a broader trend in the financial sector, where companies are increasingly recognizing the value of cryptocurrencies in their portfolios. As LM Funding continues to expand its operations, investors may want to watch their performance closely.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.
:max_bytes(150000):strip_icc()/GettyImages-2193501631-c446740e38964f4dbaa2d24a6fcbc5e3.jpg)
Comments