Funding America rolls $11M Bitcoin-backed loan

Funding America, Inc. entered into a new short-term loan as part of its existing Master Digital Currency Loan Agreement with Galaxy Digital LLC.

Rhea-AI Filing Summary

Funding America, Inc. entered into a new short-term loan as part of its existing Master Digital Currency Loan Agreement with Galaxy Digital LLC. On January 28, 2026, the company borrowed a new $11 million loan and used the proceeds to fully repay a prior $11 million borrowing that had become due.

The new January 2026 loan is secured by Bitcoin owned by the company and is subject to the same overall terms set by the Loan Agreement. This loan will mature on February 27, 2026, effectively extending the company’s $11 million debt for about one month while remaining collateralized by its digital asset holdings.

Insights

Credit & capital structure analyst

Funding America rolls a secured $11M loan for one month, maintaining short-term, Bitcoin-backed leverage.

Funding America, Inc. has refinanced its existing obligation under a Master Digital Currency Loan Agreement with Galaxy Digital LLC. The company used a new $11 million borrowing on January 28, 2026 to repay a prior $11 million loan that had become due on January 30, 2026.

The new January 2026 loan remains secured by Bitcoin owned by the company and follows the terms of the original Loan Agreement. The maturity date is February 27, 2026, so this move mainly extends the same-sized obligation for roughly one month while keeping it collateralized by digital assets.

This structure keeps the company exposed to digital-asset-backed financing, with repayment timing now tied to the late-February due date. Actual financial impact will depend on the company’s ability to repay or further refinance at that maturity under the existing agreement.

8-K Event Classification

Item 2.03 — Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

1 item

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What new loan did Funding America (LMFA) enter into with Galaxy Digital?

Funding America entered into a new $11 million loan with Galaxy Digital LLC on January 28, 2026. This borrowing was made under an existing Master Digital Currency Loan Agreement that allows loans in U.S. dollars and specified digital currencies, including Bitcoin and Ether.

How did Funding America (LMFA) use the proceeds of the January 2026 loan?

Funding America used the full $11 million proceeds from the January 2026 loan to satisfy and repay its earlier $11 million October 2025 loan. That earlier loan had become due on January 30, 2026, so the new borrowing effectively refinanced the maturing obligation.

When is Funding America’s January 2026 $11 million loan due?

The January 2026 $11 million loan to Funding America is due on February 27, 2026. This creates a short-term maturity profile, giving the company roughly one month from funding to either repay or take further action under the existing loan agreement.

What secures Funding America’s January 2026 loan with Galaxy Digital?

Funding America’s January 2026 $11 million loan is secured by Bitcoin owned by the company. Galaxy Digital holds a security interest in this Bitcoin collateral under the terms of the Master Digital Currency Loan Agreement governing the lending relationship.

What is the Master Digital Currency Loan Agreement mentioned by Funding America (LMFA)?

The Master Digital Currency Loan Agreement is a framework contract between Funding America and Galaxy Digital LLC, signed October 29, 2025. It sets terms under which the company may borrow U.S. dollars and specified digital currencies, including Bitcoin and Ether, from time to time.

Did Funding America increase its total loan principal in this 8-K event?

Funding America did not increase principal; it maintained a loan balance of $11 million. The company borrowed a new $11 million in January 2026 and used those proceeds to fully repay the prior $11 million October 2025 loan that had reached its due date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/30/2026 - 04:16 PM Learn about SEC filing dates

0001640384false00016403842026-01-282026-01-28

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): January 28, 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 (the “October 2025 Loan”) became due on January 30, 2026.

On January 28, 2026, the Company borrowed a new $11 million loan under the Loan Agreement (the “January 2026 Loan”) and used the proceeds from the January 2026 Loan to satisfy the October 2025 Loan. The January 2026 Loan will become due on February 27, 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:	January 30, 2026	By:	/s/ Richard Russell
			Richard Russell, Chief Financial Officer