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Strike Launches Bitcoin-Backed Loans, Allowing Users to Borrow Against Their Bitcoin Holdings

Strike CEO Jack Mallers announced the launch of bitcoin-backed loans, allowing eligible customers to borrow against their bitcoin holdings without the need to sell. This new feature enables users to access cash using the...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Strike Launches Bitcoin-Backed Loans, Allowing Users to Borrow Against Their Bitcoin Holdings
Strike CEO Jack Mallers announced the launch of bitcoin-backed loans, allowing eligible customers to borrow against their bitcoin holdings without the need to sell. This new feature enables users to access cash using their bitcoin as collateral, with loan amounts ranging from $75,000 to $2 million at a starting annual percentage rate (APR) of 12% […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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