This is a routine monthly production update with no standard financial results. The declining BTC production trend (8.7 vs 9.7 in May) and ongoing ATM share issuance (4.4M shares in June) are headwinds, but the large Bitcoin treasury relative to market cap ($18.6M vs $3M) creates a potential NAV arbitrage. Monitor Bitcoin price movements and next quarterly report for financial statements.
Price Chart
Executive Summary
LM Funding America reported its June 2026 Bitcoin production update, showing 8.7 BTC mined (down from 9.8 in May) and a Bitcoin HODL of 318.3 BTC valued at ~$18.6M. The company also highlighted ~$30,000 in curtailment/energy-sales revenue for June and ~$117,000 forecast for Q2. This is a routine operational update with no standard financial earnings data — no EPS, revenue, or guidance was provided — making it a neutral event with limited market-moving potential.
Key Facts
- June 2026 net Bitcoin production was 8.7 BTC, down from 9.8 BTC in May 2026
- Bitcoin holdings (HODL) were 318.3 BTC as of June 30, 2026, valued at ~$18.6 million ($0.72 per share)
- ~$30,000 in curtailment and energy-sales revenue captured in June; Q2 total forecast ~$117,000
- Company sold 13.1 BTC in June vs 21.1 BTC sold in May 2026
- 25,928,535 diluted shares outstanding as of June 30, 2026, including ~4.4M shares issued under ATM in June
Financial Impact
Bitcoin treasury of ~$18.6M against a $3M market cap; mining output down ~11% MoM; energy-sales revenue ~$30K for June
Risk Factors
- Bitcoin price volatility directly impacts treasury value and NAV
- Declining mining production trend due to seasonal temperature effects
- Ongoing ATM dilution (4.4M shares issued in June) without offsetting revenue growth
- Transition to HPC/AI infrastructure is capital-intensive and unproven
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-298007 |
| Document: lmfa-ex99_1.htm | 0001193125-26-298007 |
| Document: 0001193125-26-298007-index-headers.html | 0001193125-26-298007 |
| Document: 0001193125-26-298007-index.html | 0001193125-26-298007 |
| Document: 0001193125-26-298007.txt | 0001193125-26-298007 |
| 8-K Data (Synthetic) | 0001193125-26-298007 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | DEF 14A | — | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | 8-K | — | awaiting T+20 | — | — |
Jul 10, 2026 15w ago | 8-K | $0.1321 | awaiting T+20 | — | — |
Jul 8, 2026 15w ago | 8-K | $0.1495 | awaiting T+20 | — | — |
May 27, 2026 21w ago | 8-K | $0.2520 $0.1490 | ▼ −40.87% | ▼ −37.73% | — |
May 15, 2026 23w ago | 8-K | $0.2310 $0.2070 | ▲ +10.39% | ▲ +12.51% | — |
May 15, 2026 23w ago | Press Release | $0.2310 $0.2070 | ▲ +10.39% | ▲ +12.51% | — |
May 11, 2026 24w ago | 8-K | $0.2300 $0.2180 | ▲ +5.22% | ▲ +4.91% | — |
Apr 13, 2026 28w ago | 8-K | $0.2780 $0.2300 | ▲ +17.27% | ▲ +24.99% | — |
Apr 13, 2026 28w ago | Press Release | $0.2780 $0.2300 | ▲ +17.27% | ▲ +24.99% | — |
US Market Status
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