Strike offers market-leading terms with a range of amounts and repayment options for bitcoin-backed loans.

Loan terms:

• Loan term: 12-months
• Loan amount: Minimum $10,000*, no maximum (for loans above $5,000,000 reach out to private@strike.me)
• Interest: Starting at 9.5% APR**
• Loan types:
  • Payment at Maturity: Principal and interest repaid in a single payment at maturity
  • Monthly Payments: Interest paid monthly, principal repaid at maturity
• Maximum initial LTV: 50%
• Interest accrual: Daily
• Loan closure: Available on demand 60 days after opening loan
• Origination fee: 0%
• Early repayment fee: 0%
• Late payment fee: 0% (10-day grace period for failed payments)
• Liquidation fee: 0.99% of the liquidated amount, applied in case of collateral liquidation due to critical LTV thresholds or failed payments
• Strike fee: Monthly and maturity payments from your bitcoin balance incur standard bitcoin trading fees, and will count towards your monthly trading volume.

Your loan’s interest rate will remain unchanged for the duration of your loan. Strike may offer updated loan products in the future, including different interest rates or expanded limits. If more favorable loan options become available, you can access them by closing your current loan prematurely, without incurring any early closure fees, and opening a new loan. Follow Strike on social media for latest updates.

* Minimum loan amounts vary by state for individuals and businesses.
** Rates vary based on loan type and amount. Learn more about rates and terms.

Example loan:

You take out a $100,000 loan on January 10th, and select a Monthly Payments type loan at 12% (12.68% APR). Payments are due on the 15th of each month starting with the subsequent month after your loan is opened (February 15th). Given the maximum LTV at initiation is 50%, you must post at least $200,000 worth of bitcoin (or more to over-collateralize) to open the loan.

1. Loan opening: Upon completing the loan opening process, your bitcoin collateral is debited from your bitcoin balance and $100,000 is credited to your cash balance.
2. Monitor LTV: During your loan, you keep track of your LTV within your Strike app’s Loan Center, adding collateral if necessary to mitigate margin call risk.
3. Monthly interest payments: Your first payment is due on February 15th, combining one full month’s interest plus January’s pro-rated interest for 5 days. The next 10 monthly payments (March through December) will be on the 15th of each month as regular interest payments.
4. Loan maturity: The final payment is due on January 10th of the following year, and will include both the $100,000 principal plus the remaining pro-rated interest for the final month.
5. Collateral return: Once the final payment is made, your bitcoin collateral amount is returned to your Strike balance within 1 business day.

Strike partners with trusted capital providers to deliver bitcoin-backed loans with the best possible rates and terms. When you open a loan, your bitcoin collateral is held by Strike or transferred to one of our trusted capital providers, where it is securely held and not re-hypothecated. This means your bitcoin collateral is never lent-out, shorted, or transferred to any other external third party.

You can monitor your collateral amount, value, and status, in your Strike app’s Loan Center at any time. Early loan closures are available on demand, with no fee, starting 60 days after your loan is opened. Once your loan is successfully closed, your collateral will be returned to you within one business day.

Strike is actively working towards providing greater collateral tracking and management features for all bitcoin-backed loans. If you have any questions regarding our current bitcoin-backed loan offering, please contact support@strike.me.

To open a bitcoin-backed loan, ensure you meet the eligibility requirements and have sufficient bitcoin in your Strike account for your intended loan size.

Before you begin:

Prior to opening a loan, familiarize yourself with how bitcoin-backed loans work, including the Loan-to-Value (LTV) ratio, how payments work, and margin calls and liquidations.

How to open a bitcoin-backed loan:

To open your loan, ensure your Strike app is up to date, then visit your Strike app’s Cash tab, and select the "Bitcoin-backed loans" card and follow these steps:

1. Select loan type: Choose between "Monthly Interest" (interest paid monthly, principal paid at maturity) or "Payment at Maturity" (interest and principal paid at maturity).
2. Set loan amount: Adjust the slider to select your desired loan amount, which affects the required collateral and interest cost.
3. Set collateral amount: Adjust the slider to set your collateral amount. Remember, adding extra collateral reduces the bitcoin prices at which margin calls and liquidations occur.
4. Choose payment source: Select your preferred source for automatically paying your monthly interest (if applicable) and maturity payment.
5. Enable notifications: Ensure notifications are enabled for the Strike app to receive important loan updates.
6. Preview loan details: Review your loan configuration.
7. Review and sign agreement: The loan agreement will be emailed to your account for review. If you accept, return to the Strike app to sign your screen and tap “Initiate loan” to complete the process.

After your loan is opened:

Once your loan is opened, your bitcoin collateral will be immediately debited from your bitcoin balance and the cash will be credited to your cash balance.

On your Cash tab, you’ll find your LTV Tracker, which provides a quick overview of your loan’s health. If you tap your LTV Tracker, you can access your Loan Center where you can monitor and manage your loan. Please note, bitcoin-backed loans from Strike are not reported to credit agencies and do not affect your credit score.

When you open a bitcoin-backed loan, you must repay the loaned amount plus interest. The interest is the cost of your loan and is calculated from the Annual Percentage Rate (APR) of the principal amount you are borrowing. Bitcoin-backed loans with Strike have no origination fee, early closure fee, or early repayment fee, but liquidation fees may apply.

The APR for your loan depends on two main factors:

1. Loan type: "Payment at Maturity" loans typically have a higher APR compared to "Monthly Payment" loans, because the monthly interest payments are deferred and compound over the duration of the loan.
2. Loan size: The larger the loan, the lower the rate.

Minimum loan amounts vary by state for individuals and businesses. Loans opened on a loan amount threshold will get the lower APR.

To access the largest sized loans (greater than $5,000,000), please contact private@strike.me to arrange a custom loan.

Yes, you can have up to 3 active bitcoin-backed loans at a time.

Opening multiple loans

To open another loan, visit your Strike app’s Cash tab and follow these steps:

1. Tap your LTV Tracker to open your Loan Center
2. Scroll to the bottom of your Loan Center and tap “Open another loan”
3. Follow the process of opening a new loan

Each new loan is subject to the prevailing APR at the time of opening, which may differ from your existing loans. Once set, the APR remains fixed for the duration of that loan.

Please note, you can open only one new loan per day and each of your loans have different terms, uch as Payment at Maturity or Monthly Payments, with varying amounts and APRs. If you already have 3 open loans you’ll need to close one of your active loans before opening another. Loans can be closed 60 days after opening.

Managing multiple loans

Once you have multiple open loans, you can visit your Strike app’s Cash screen to manage your loans:

• Swipe left or right on your LTV Tracker to view your individual loans
• Tap on any of your LTV trackers to access the Loan Center for that specific loan.

Within each loan center, you can manage collateral, schedule or make payments, and track the LTV ratio. To stay organized, you can rename your loans by tapping the loan name located above the LTV percentage. This name will appear in all related app notifications and emails, helping you distinguish between loans easily.

Bitcoin-backed loans are now available to fully verified users in select US states, with minimum loan amounts specified for each state.

Additionally, eligible U.S. businesses can open a bitcoin-backed loan, with availability and minimum amounts varying by state.

If you live in one of the supported states and do not see the "Bitcoin-backed loans" card on your Strike app’s Cash tab, please check the following:

• Update your app: Ensure that your Strike app is updated to the latest version.
• Verify your account: Make sure that your Strike account is fully verified.

Strike may launch bitcoin-backed loans in more regions in the future. Follow Strike on social media for the latest updates on availability.

Yes, eligible businesses in select U.S. states can open a bitcoin-backed loan within the Strike app. Bitcoin-backed loans let your business access cash liquidity by posting bitcoin as secure collateral, to be returned upon successful completion of the loan.

Learn more about bitcoin-backed loans.

What rates and terms are available for businesses?

Bitcoin-backed loans for businesses are available with market leading terms:

• Loan term: 12-months
• Loan amount: Minimum $10,000*, no maximum (for loans above $5,000,000 reach out to private@strike.me)
• Interest: Starting at 9.5% APR**
• Loan types:
  • Monthly Payments: Interest paid monthly, principal repaid at maturity
  • Payment at Maturity: Principal and interest repaid in a single payment at maturity
• Maximum initial LTV: 50%
• Interest accrual: Daily
• Loan closure: Available on demand 60 days after opening loan
• Origination fee: 0%
• Early repayment fee: 0%
• Late payment fee: 0% (10-day grace period for failed payments)
• Liquidation fee: 0.99% of the liquidated amount, applied in case of collateral liquidation due to critical LTV thresholds or failed payments
• Strike fee: Monthly and maturity payments from your bitcoin balance incur standard bitcoin trading fees, and will count towards your monthly trading volume.

* Minimum loan amounts may vary by state.
** Rates vary based on loan type and amount. Learn more about rates and terms.

Please note, bitcoin-backed loans from Strike are not reported to credit agencies and do not affect your credit score. Currently, opening and managing a loan is only available in the Strike mobile app.