Jack Maller’s strike launches Bitcoin-backed loans for eligible U.S. customers
Strike has launched one of the most powerful and innovative features to date: a loan backed by Bitcoin. Eligible users in selected states in the United States can now borrow cash to borrow cash on their Bitcoin holdings without selling their cryptocurrency. This option allows individuals to gain liquidity without losing long-term exposure to Bitcoin prices.
Loans range from $75,000 to $2,000,000 and offer flexible terms and conditions up to 12 months. Interest rates start at APR 12%, and Strike proudly offers these loans without initiation fees, the service is more attractive than many traditional loan options.
The release reflects the growth trend of long-term Bitcoin holders. According to blockchain data for April 2025, 63% of Bitcoin supply did not move in more than a year, indicating strong beliefs from holders. During the strike, more than 90% of the Bitcoin purchased was withdrawn to refrigeration, indicating that users tend to see Bitcoin as a long-term investment rather than a short-term transaction. Many of these holders are reluctant to sell their Bitcoins due to their strong performance history, and now, with Strike’s new loan product, they don’t need to do so.
Strike also provides businesses with Bitcoin-backed loans ranging from $10,000 to $2,000,000. Business owners will benefit from the same competitive interest rates, flexible terms and direct application process. This move provides new opportunities for small and medium-sized businesses to acquire working capital without liquidating Bitcoins kept on their balance sheets.
Additionally, Strike offers flexible repayment options – borrowers can repay monthly or make a one-time payment when they are mature. Users can also add more collateral to adjust their loan-to-value (LTV) ratio when needed, reducing the risk of liquidation under volatile market conditions.
The process is both simple and safe. Borrowers use Bitcoin as collateral, get cash in their accounts, and fully manage the loan through the strike app. Once the full loan amount is repaid, as well as any accrued interest, Bitcoin will be returned safely to the user. There is no credit check, no long-term approval process, and no taxable events triggered by the sale of assets.
By offering this new loan service, Strike tries to help expand Bitcoin’s financial business. It brings traditional assets of modern financial instruments (usually reserved for real estate or stocks). The company has partnered with reviewed third-party capital providers to ensure safe custody and smooth loan execution.
