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 $10,000*, no maximum (for $5,000,000+ loans contact private@strike.me)
- Interest: Starting at 9.5% APR**
- Loan types:
- Maximum initial LTV: 50% (inclusive of principal and interest)
- 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 vary by state for individuals and businesses.
** Rates vary based on loan type and amount. Learn more about rates.
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 opening another loan.
Example loan: Monthly Payments
You take out a $10,000 Monthly Payments loan on January 10th at 12% (12.68% APR), meaning your total repayment obligation is $11,200. While interest accrues daily, interest payments are due on the 15th of each month starting with the subsequent month after your loan is opened (February 15th). Because the 50% initial LTV limit includes both the loan’s principal and its interest, you must post bitcoin collateral worth more than $22,400 (twice the total loan obligation) at the outset, or more to over-collateralize and reduce risk of margin call or liquidation.
- Loan opening: Upon opening your loan, your bitcoin collateral is debited from your bitcoin balance and $10,000 is credited to your cash balance.
- Monthly interest payments: Your first payment is due on February 15th, combining one full month’s interest plus January’s pro-rated interest for 5 days. The next 10 monthly payments (March through December) will be on the 15th of each month as regular interest payments.
- Loan maturity: The final payment is due on January 10th of the following year, and will include both the $10,000 principal plus the remaining pro-rated interest for the final month.
- Collateral return: Once the final payment is made, your bitcoin collateral amount is returned to your Strike balance within 1 business day.
Example loan: Payment at Maturity
You take out a $10,000 Payment at Maturity loan on January 10th at 13% APR, meaning your total repayment obligation is $11,300. While interest accrues daily, no payments are due until the maturity date (Jan 10th of next year). Because the 50% initial LTV limit includes both the loan’s principal and its interest, you must post bitcoin collateral worth more than $22,600 (twice the total loan obligation) at the outset, or more to over-collateralize and reduce risk of margin call or liquidation.
- Loan opening: Upon opening your loan, your bitcoin collateral is debited from your bitcoin balance and $10,000 is credited to your cash balance.
- Loan maturity: Repayment of your entire loan is due on January 10th of the following year, and will include both the $10,000 principal plus the $1,300 of interest.
- Collateral return: Once the final payment is made, your bitcoin collateral amount is returned to your Strike balance within 1 business day.