"Strike Unveils New Service: Bitcoin-Collateralized Loans"

# Strike Launches Groundbreaking Bitcoin-Backed Lending Service Strike, a leading digital payment platform specializing in Bitcoin(BTC), has unveiled a new lending service enabling users to borrow against their Bitcoin. On May 6, CEO Jack Mallers announced the service, dubbed "Strike Lending," via a video on X (formerly Twitter). As detailed on the company’s blog, Strike Lending is currently accessible in 26 U.S. states, including Alaska, Arizona, and Arkansas. The minimum loan amounts vary by state, from $75,000 to $100,000, with a fixed annual interest rate of 12% and a 12-month repayment term. High-value loans exceeding $2 million can also be approved following further review. Mallers shared the news on social media saying: > “You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don’t have to. Access your Bitcoin wealth without selling it. Build a better life on top of Bitcoin with @Strike. Borrow fiat. HODL #bitcoin.” > — Jack Mallers (@jackmallers), May 6, 2025 # Ambitious Expansion Plans for Europe Highlighting the innovation, Mallers stated, “You should be able to access cash without selling the best asset ever created.” He also mentioned plans to extend the service to Europe. Strike's new lending service aligns with the company’s goal of placing Bitcoin at the heart of financial transactions. From enabling Bitcoin remittance and trading to storage, Strike has consistently integrated Bitcoin into everyday financial services. # Strong Industry Support and Impact Mallers, also CEO of Twenty One, a Bitcoin asset management firm born from a SPAC merger, benefits from substantial industry support. Companies like Tether, Bitfinex, Cantor Fitzgerald, and SoftBank back Twenty One, strengthening Strike’s capacity to innovate with Bitcoin offerings. Strike was instrumental in El Salvador’s historic adoption of Bitcoin as legal tender in 2021, providing key digital payment infrastructure for Bitcoin transactions. Despite the International Monetary Fund (IMF) pressuring El Salvador to reconsider its Bitcoin policy for a $1.4 billion loan, President Nayib Bukele continues to purchase Bitcoin as part of his national strategy. # Digital Assets Transforming Traditional Finance Strike’s Bitcoin-backed lending service is seen as a potential milestone in redefining traditional finance. By allowing customers to use Bitcoin as collateral for fiat loans without liquidating their holdings, Strike is pushing the boundaries of Bitcoin’s role as a financial tool. With ambitions for global expansion, this initiative could strengthen Strike’s position as a pioneer in the digital finance revolution.