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    Home»Bitcoin»Strike Launches Bitcoin-Backed Lending Program – Bitbo
    Strike Launches Bitcoin-Backed Lending Program – Bitbo
    Bitcoin

    Strike Launches Bitcoin-Backed Lending Program – Bitbo

    By Crypto EditorMay 7, 2025No Comments2 Mins Read
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    Strike Launches Bitcoin-Backed Lending Program – Bitbo

    Key Takeaways

    • Strike has launched a Bitcoin-backed lending program for customers and companies.
    • Loans vary from $75,000 to $2 million with 12% minimal APR and no origination charges.
    • Strike joins a rebounding market the place centralized lenders now maintain $9.9 billion in loans.

    Strike, the Bitcoin Lightning-powered app based by Jack Mallers, has launched a lending program that permits people and companies to borrow towards their Bitcoin while not having to promote it.

    The brand new service, Strike Lending, is initially rolling out in choose U.S. areas and plans to develop internationally.

    Program particulars

    Mallers has been selling this system as a technique to entry liquidity whereas holding onto Bitcoin long-term.

    He wrote on X:

    You shouldn’t should promote the best-performing asset in human historical past to entry money.

    Mortgage phrases & circumstances

    Loans vary from $75,000 to $2 million with a 12-month time period and a minimal rate of interest of 12% APR.

    Debtors can both pay month-to-month or settle the curiosity and principal at maturity.

    There are not any origination or early compensation charges.

    Collateral & credit score influence

    In line with Strike, collateralized Bitcoin is transferred to a vetted third-party capital supplier for the mortgage’s length, although Strike stays legally chargeable for the property.

    These loans are usually not reported to credit score businesses and don’t have an effect on credit score scores.

    Market context

    The transfer comes amid a rebound within the crypto lending area.

    The sector continues to be down 43% from its $64.4 billion peak in This fall 2021, in keeping with Galaxy Analysis, however centralized lenders like Tether, Galaxy, and Ledn now maintain a mixed $9.9 billion in loans.

    With over $34 billion in onchain lending exercise on Ethereum alone, Strike joins a crowded however reviving market.

    Bitbo Dashboard → / Authentic Article

    Get extra information like this

    Twice-weekly Bitcoin-only publication by Bitbo.



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