Strike has launched bitcoin-backed loans in select U.S. states, enabling users to borrow cash against their bitcoin without selling it. This innovative service offers loans between $75,000 and $2,000,000 with competitive interest rates starting at 12% APR and no origination fees. Notably, a large percentage of bitcoin is held long-term, affirming a trend among users to maintain their investment rather than liquidate for cash needs. Businesses can also access similar loan options, paving the way for enhanced liquidity without sacrificing bitcoin investment.
Strike has introduced bitcoin-backed loans that allow users to borrow cash without selling their cryptocurrency, offering a compelling solution for liquidity.
These loans range from $75,000 to $2,000,000, featuring flexible terms and competitive interest rates, allowing long-term bitcoin holders to retain their investments.
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