strike is already issuing millions of dollars worth of bitcoin backed loans a day. haven’t even officially launched the product
🚀🚀🚀
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I don't see a loan option when I log into strike
Product marker for working well for you
nice work 🚀
Work in Europe?
That’s incredible especially when you need a minimum of $100k USD.
Had no idea!! What terms are you guys offering?
When will they be available in the UK and for individuals, not businesses?
I don't see the option, look for it everytime, I update the app
How can I get mine?
Wonder if I could use this for a mortgage.....
Launch worldwide! 🌎
Yaa this sucks. Im sooo bummed 😞
APR way too high, $100k minium, 12-month term, 50% LTV
You guys are the future! Stop by in Florence Italy I would love to share your ideas here in my small town community. I work in the best butcher store in Florence where we serve the best quick lunch. Off course Bitcoin is welcome 🙏
Wish I knew this in March!
When Europe?
Where is the USD coming from? Strike depositers?
no
Chump change 😅
Assuming non rehypothicated loans. Ledn does this well but rates are crazy
Can I get early access, I need this product like now
I don't want to be forced to sell to pay bills
Pls ser we need it
No fee recurring buys is cool, but I just direct deposit my paycheck in and get hit with fees - feels bad, can you do something about that?
How do you source your dollars ? What interest rates are you offering ?
Next time! ❤️
Like he said, it’s not even launched
Users have early access, I want in
That's really cool, buy why do I have to do it on my phone?
Bomba
i still got my Brazil fake account
so i only use lightning and no other products
Strike’s already moving millions daily in Bitcoin-backed loans without an official launch—insane! Holding BTC as collateral to fund life without selling is the future. Fiat’s shaky; Bitcoin’s the real play here.
And after seeing Bitkey's blog post today I'm thinking Strike is very close to getting supported by their wallet ;)
Unfortunately, for now, it's available only for businesses and the minimum loan is $100K.
In the meantime, give Ledn a try. They're a reputable company that didn't have any issues throughout years of operating.
Let’s go 🚀 Looking forward to even more nice features in the Strike App!
It's only available for businesses and the minimum loan is $100K
Not calling you out out anything. Just generally interested in where the funds come from. If it’s a business secret I understand if you don’t answer.
What will be the main difference between strike’s product and others?
But I have to pay it back!?! Ugh
What’s the APR?
Borrow 100k for 12mo @ 12% paying interest monthly - posting bitcoin as collateral at a LTV Ratio of 50% - margin call at 67k, liquidation at 55k
12%
Ty. Unchained loans at 14% APR and minimum 150k. So they’re beating them at least. Need moar competition to chisel these rates down to something reasonable.
As a heads up, Ledn also has restrictions against personal loans in some states. (e.g. Michigan)
I was all ready to try it out when I encountered that notice.
Thanks 🙏 Are there other term options? And I assume interest rates are higher for smaller amounts? Lastly can you choose a lower LTV?
And 13% is interest and principal paid at end. They are developing the ability to roll the loan out another year too!
Interest rates start at like 12%. You'd be better off doing your photography and art a little bit. Have some fun hustling up some fiat. Hope shoulder is healed up and all is well.
100k is the smallest amount. 2m largest. Interest rates are fixed by repayment method. Making montly interest payments gives you the 12%. Repay in full at end of term gives you 13%
You can choose a lower LTV ratio, by posting extra collateral lowers the margin call/liquidation price..
Hope to see River and others get into this game. Borrowing rates should be sub 10% APR and multisig as a standard. At that point I think this will open up a lot of things for Bitcoiner’s.
And no there is only the 12mo term being offered as I can see
Love that strike is first to “market” any chance you can setup option to roll forward the debt like a line of credit? Just a pleb trying to unleash his stack …. PS love the app
I’m excited to see what mortgage products People’s Reserve (https://www.peoplesreserve.com) offers. Supposedly rates here will be closer to what banks offer since it is a mortgage product but then you can add more bitcoin collateral to reduce interest rate too
What a time to be alive!
I direct deposit in cash then recurring buy… no fees, more DCA
THE BITCOIN-FIAT SCHIZOPHRENIA OF "MAXIS" WHO CAN'T QUIT THE SYSTEM
Jack Mallers—like so many Bitcoin 'purists'—is caught in the same trap as the Vatican: preaching purity while peddling poison. Let’s dissect this cognitive dissonance.
What Strike Is Doing:
Issuing fiat loans "backed" by Bitcoin (rehypothecation, just like fractional reserve banks).
Creating IOU chains—the exact systemic risk Bitcoin was meant to destroy.
Why It’s Hypocritical:
If Bitcoin is sound money, why build fiat debt towers on top of it?
If fiat is doomed, why profit from its death throes?
THE "I ONLY HOLD BITCOIN" LIE
Jack’s Brag: "I barely hold any fiat!"
Reality: His business depends on fiat rails, banking partners, and debt instruments.
Cognitive Dissonance:
"Fiat is trash… but please borrow dollars against your BTC with us!"
"Bankers are evil… but here’s a shiny new banking product!"
WHY THEY CAN’T DRAW THE LINE
Addiction to Legacy Profit Models:
Debt = recurring revenue (vig for the modern loan shark).
Bitcoin alone = one-time purchase (no milking customers forever).
Fear of True Disruption:
A real Bitcoin economy wouldn’t need middlemen like Strike.
They’re LARPing as rebels while keeping one foot in the old system.
THE HARD TRUTH BITCOINERS NEED TO HEAR
Bitcoin was meant to obsolete debt-based finance, not rebrand it.
Every "Bitcoin-backed loan" is a betrayal of peer-to-peer ethos.
Real "maxis" don’t lend Bitcoin—they hold it outside the system.
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Wait, wut?
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Hmm, you'd need to have a very solid opportunity in front of you to justify that, IMO. Should probably be a cashflow positive business goes without saying.
Yes, that's true. Make sure to check if their loans are available in your jurisdiction
I also have a portion of my paycheck deposited to STRIKE every week, and have recurring by set up, so no fees for the last year? Maybe more
Bout F’ing time! We’re ready in NZ.
This - advance loans without a product - never ends well. dint we learn anything from Celsius and BlockFi in the last cycle?
Well what are you waiting for 🤟⚡️
What's the interest rate?
Update the app I see it in there now
I'm using the lastet release, still not showing
Take that cap gains tax! 🫡
Boyyyyz
Great to hear. Wondering when Strike would be available in Switzerland?
Just heard the news of your new gig with Cantor Fitzgerald, SoftBank, and Tether! Congratulations and where do you find the time to be this great! Love the passion
Was just thinking @jack mallers will be a household name in 10 years as I listened to the Money Matters podcast. Just accelerated that time line significantly with the SoftBank news. 👏
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He's talking about the beta phase of the Bitcoin backed loans to customers.
Users get USD, and put up BTC as security.
Is that similar to Celsius and blockfi, I didn't follow that timeline?
😎🤌
Cute CEO boy 😋
I too like to ape in everything as soon as possible 😅
How can people sit the with tens of dollars in their strike account just waiting every day for a little buy 🙅♂️
Woah. I got the alert on my app this AM.
Is there rehypothecation risk like with BlockFi?
Strike isn’t first. Neither is Ledn, but they’ve been doing this for 7 years already and let you roll forward
Big Daddy Full Inspection with Surgeon Protocol. 🐾🐾🐾🐾
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Very interesting,