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LM Funding extends $11M bitcoin-backed loan

LM Funding America, Inc. extended its bitcoin-backed borrowing arrangement with Galaxy Digital LLC under an existing Master Digital Currency Loan Agreement.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

LM Funding America, Inc. extended its bitcoin-backed borrowing arrangement with Galaxy Digital LLC under an existing Master Digital Currency Loan Agreement. The company borrowed a new $11 million loan on April 6, 2026, using the proceeds to repay a prior loan under the same facility.

The new April 2026 loan is secured by Bitcoin owned by the company and will become due on June 26, 2026. This transaction maintains LM Funding’s leveraged exposure to digital assets while pushing out the loan’s maturity date.

Positive

  • None.

Negative

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Insights

LM Funding rolls over a $11M bitcoin-backed loan, extending its near-term debt maturity.

LM Funding America refinanced an existing loan with Galaxy Digital LLC by taking a new $11 million borrowing and immediately using it to repay the prior balance. The obligation remains secured by Bitcoin owned by the company under a Master Digital Currency Loan Agreement.

This keeps the company’s debt level and collateral structure broadly unchanged, but shifts the due date to June 26, 2026. The arrangement ties leverage to Bitcoin values, so collateral coverage and price volatility remain key risk factors under this loan facility.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
New loan principal $11 million Borrowed under Master Digital Currency Loan Agreement on April 6, 2026
April 2026 loan maturity June 26, 2026 Due date for the new $11 million loan
Original loan principal $11 million Initial draw under the loan facility on October 30, 2025
Original maturity date January 30, 2026 Initial due date of the first $11 million loan
Extended prior maturity April 24, 2026 Refinanced maturity before the April 2026 loan
Master Digital Currency Loan Agreement financial
"entered into a Master Digital Currency Loan Agreement (the “Loan Agreement”) with Galaxy Digital LLC"
A master digital currency loan agreement is a standard framework contract that sets the rules for lending and borrowing cryptocurrencies or other tokenized assets, similar to a homeowner’s mortgage form used repeatedly with different borrowers. It spells out payment schedules, collateral rules, interest calculations, what happens if a borrower can’t pay, and how digital assets are valued and transferred. For investors, it matters because these standardized terms reduce legal uncertainty, clarify credit and counterparty risk, and help markets scale by making deals predictable and enforceable.
digital currencies financial
"may, from time to time, borrow U.S. Dollars and/or specified digital currencies"
Digital currencies are money that exists only in electronic form and is stored, sent and received using computers or smartphones; examples include privately issued cryptocurrencies, government-backed digital versions of cash, and tokenized balances used by payment networks. They matter to investors because they can create new markets, change how businesses accept payments, and introduce fast price swings and regulatory risk — like replacing physical bills with a high-speed, global digital wallet that can alter company revenues and valuations.
Bitcoin financial
"including Bitcoin, Ether, and other mutually agreed digital assets"
Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.
security interest financial
"borrowed the principal sum of $11 million and granted to Lender a security interest in Bitcoin collateral"
A security interest is a legal claim a lender or creditor holds on a borrower's asset as collateral to secure repayment; if the borrower fails to pay, the creditor can seize or sell that asset to recover money owed. Think of it like a pawnshop tag on an item that gives the pawnbroker the right to sell it if the loan isn't repaid. For investors, security interests matter because they change how safely lenders and bondholders can recover funds and affect the hierarchy of claims if a company faces financial trouble.

FAQ

What new loan did LMFA enter into with Galaxy Digital?
LM Funding America borrowed a new $11 million loan from Galaxy Digital LLC on April 6, 2026. The borrowing was made under an existing Master Digital Currency Loan Agreement and used to repay a prior loan under the same facility.

When does LMFA’s April 2026 loan with Galaxy Digital mature?
The April 2026 loan will become due on June 26, 2026. This extends the maturity of LM Funding America’s prior loan, which had previously been due April 24, 2026 before being refinanced under the loan agreement.

What secures LMFA’s April 2026 loan with Galaxy Digital?
The April 2026 loan is secured by Bitcoin owned by LM Funding America. The company granted Galaxy Digital a security interest in its Bitcoin collateral under the Master Digital Currency Loan Agreement governing these digital asset-backed borrowings.

How large is LMFA’s digital currency loan facility usage with Galaxy Digital?
LM Funding America has borrowed $11 million under its Master Digital Currency Loan Agreement in the April 2026 refinancing. The company used this new $11 million loan to repay the then-existing $11 million borrowing with Galaxy Digital.

What was the original due date of LMFA’s earlier $11 million loan?
The company’s earlier $11 million loan originally became due on January 30, 2026. That loan was then extended through April 24, 2026 by refinancing into one or more new loans before the April 2026 refinancing pushed maturity to June 26, 2026.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 6, 2026

LM FUNDING AMERICA, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-37605

47-3844457

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

1200 West Platt Street

Suite 100

Tampa, Florida

33606

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 813 222-8996

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

Trading
Symbol(s)


Name of each exchange on which registered

Common Stock par value $0.001 per share

LMFA

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 2.03 Creation of a Direct Financial Obligation

 

As previously disclosed, on October 29, 2025, LM Funding America, Inc. (the “Company”) entered into a Master Digital Currency Loan Agreement (the “Loan Agreement”) with Galaxy Digital LLC (“Lender”). The Loan Agreement establishes the terms and conditions pursuant to which the Company may, from time to time, borrow U.S. Dollars and/or specified digital currencies (each, a “Loan”), including Bitcoin, Ether, and other mutually agreed digital assets, from Lender (the “Loan Facility”). As also previously disclosed, on October 30, 2025, the Company made a draw under the Loan Facility and borrowed the principal sum of $11 million and granted to Lender a security interest in Bitcoin collateral owned by the Company. Such $11 million Loan originally became due on January 30, 2026 but was subsequently extended through April 24, 2026 by refinancing the Loan with Lender into one or more new Loans under the Loan Agreement.

 

On April 6, 2026, the Company further extended then-existing Loan from April 24, 2026 through June 26, 2026, by borrowing a new $11 million Loan under the Loan Agreement (the “April 2026 Loan”) and using the proceeds to pay the then-existing Loan. The April 2026 Loan will become due on June 26, 2026, is secured by Bitcoin owned by the Company, and is otherwise made under the terms of the Loan Agreement

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

 

 

 

 

 

 

104

Cover Page Interactive Data File (embedded within the inline XBRL document)

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LM Funding America, Inc.

Date:

April 9, 2026

By:

/s/ Richard Russell

 

Richard Russell, Chief Financial Officer

 

 

 

Source: View Original Filing on SEC EDGAR

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