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.