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LM Funding extends $11M Bitcoin-backed loan

LM Funding America, Inc. has refinanced and extended an existing loan under its Master Digital Currency Loan Agreement with Galaxy Digital LLC.

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

Rhea-AI Filing Summary

LM Funding America, Inc. has refinanced and extended an existing loan under its Master Digital Currency Loan Agreement with Galaxy Digital LLC. The company borrowed a new $11 million loan on May 26, 2026 and used the proceeds to repay the then-existing loan.

The new $11 million loan is secured by Bitcoin owned by the company and is made under the previously disclosed Loan Agreement. This May 2026 loan will become due on August 28, 2026, replacing the prior maturity of June 26, 2026 for the refinanced obligation.

Positive

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Insights

LM Funding refinances a Bitcoin-secured $11M loan, pushing maturity to August 2026.

LM Funding America continues to rely on its Master Digital Currency Loan Agreement with Galaxy Digital LLC, rolling an existing obligation into a new $11 million loan due on August 28, 2026. The loan remains secured by Bitcoin owned by the company.

This move does not change the principal amount but extends the repayment timeline, indicating ongoing use of crypto-backed borrowing for liquidity. Actual balance-sheet impact will depend on Bitcoin collateral values and any future amendments to the Loan Agreement disclosed in later filings.

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 on May 26, 2026 under Loan Agreement
New loan maturity August 28, 2026 Due date for May 2026 $11M loan
Prior extended maturity June 26, 2026 Earlier due date before May 2026 refinancing
Original loan principal $11 million Initial draw under Loan Facility on October 30, 2025
Original loan maturity January 30, 2026 Initial due date before subsequent extensions
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.
Loan Facility financial
"from Lender (the “Loan Facility”)"
A loan facility is a formal agreement with a bank or lender that lets a company borrow money up to a set limit under agreed terms — like a large credit card or mortgage tailored for a business. It matters to investors because it determines how easily a company can get cash for operations, growth or debt repayment, and influences interest costs, leverage and any lender-imposed rules that can affect future strategy and risk.
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.
Ether financial
"including Bitcoin, Ether, and other mutually agreed digital assets"
Ether is the native digital token used to power and pay for operations on the Ethereum blockchain, functioning like fuel that lets programs run and transactions be recorded. Investors watch ether because its price reflects demand for the Ethereum network (similar to how gasoline demand reflects driving activity): changes can signal broader interest in decentralized finance, smart contracts and crypto markets, and affect valuations of related investments.
security interest financial
"and granted to Lender a security interest in Bitcoin collateral owned by the Company"
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

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

What direct financial obligation did LMFA disclose in this 8-K?
LM Funding disclosed a new $11 million loan under its Master Digital Currency Loan Agreement with Galaxy Digital LLC. The company used this new borrowing to repay a prior loan, keeping total principal at $11 million while extending the repayment timeline.

When does LM Funding’s new $11 million loan mature?
The new $11 million loan borrowed on May 26, 2026 becomes due on August 28, 2026. This extends the maturity of the company’s refinanced obligation, which had previously been due on June 26, 2026 after earlier amendments.

What secures LMFA’s $11 million loan with Galaxy Digital?
The $11 million loan is secured by Bitcoin owned by LM Funding. The company granted Galaxy Digital a security interest in this Bitcoin collateral in connection with its borrowing under the Master Digital Currency Loan Agreement and related extensions.

How did LM Funding use the proceeds of the May 2026 loan?
LM Funding used the $11 million borrowed on May 26, 2026 to repay the then-existing loan under the same agreement. This effectively refinanced the obligation, maintaining the principal amount while updating the loan’s maturity date to August 28, 2026.

What is LMFA’s Master Digital Currency Loan Agreement?
The Master Digital Currency Loan Agreement with Galaxy Digital LLC sets terms for LM Funding to borrow U.S. dollars and specified digital currencies. Eligible assets include Bitcoin, Ether, and other mutually agreed digital assets, forming the basis for the company’s current $11 million loan.

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

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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): May 26, 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 June 26, 2026 on April 6, 2026 by refinancing the Loan with Lender into one or more new Loans under the Loan Agreement.

 

On May 26, 2026, the Company further extended then-existing Loan from June 26, 2026 through August 28, 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 May 2026 Loan will become due on August 28, 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:

May 27, 2026

By:

/s/ Richard Russell

 

Richard Russell, Chief Financial Officer

 

 

 

Source: View Original Filing on SEC EDGAR

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