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 $75,000*, maximum $5,000,000
• Interest rate: Starting at 12% 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 ** Payment at Maturity loans have an effective interest rate of 13% APR due to the monthly compounding effect on the deferred interest payments.

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.

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

State	Minimum Amount
Alaska	$75,000
Arizona	$75,000
Arkansas	$75,000
Connecticut	$75,000
D.C.	$75,000
Florida	$75,000
Georgia	$75,000
Illinois	$75,000
Indiana	$75,000
Iowa	$75,000
Kansas	$75,000
Kentucky	$75,000
Massachusetts	$75,000
Minnesota	$100,000
Nebraska	$75,000
New Hampshire	$75,000
New Jersey	$75,000
New Mexico	$75,000
North Carolina	$75,000
Oklahoma	$75,000
Oregon	$75,000
Pennsylvania	$75,000
Utah	$75,000
West Virginia	$75,000
Wisconsin	$75,000
Wyoming	$100,000

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.

Before you begin:

To open a bitcoin-backed loan for your business, ensure you have a Strike business account, your business is registered in a supported U.S. state, and sufficient bitcoin collateral is in your Strike account.

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

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*, maximum $5,000,000
• Interest rate: Starting at 12% 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%
• Origination fee: 0%
• Early repayment fee: 0%

* Minimum loan amounts vary by state
** Payment at Maturity loans have an effective interest rate of 13% APR due to the monthly compounding effect on the deferred interest payments. 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.