Overview

• Strike's Bitcoin-backed loans are now live in 26 U.S. states, allowing users to borrow fiat without selling their BTC.
• Loans range from $75,000 to $2 million, with a 12-month term and a minimum annual percentage rate (APR) of 12%.
• Borrowers must maintain a 50% loan-to-value ratio, with collateral subject to liquidation if Bitcoin's price drops significantly.
• The service is designed to provide liquidity for Bitcoin holders while preserving their cryptocurrency assets.
• Strike plans to expand the offering to European markets in the near future, according to CEO Jack Mallers.