Strike Review: 2026 Bitcoin Loan Comparison
Bitcoin-only loans with no origination fee. Collateral held by Strike or capital partners in segregated wallets — no named third-party qualified custodian. Proof-of-reserves published. $2.1B credit facility with Tether.
What Strike Offers
Strike launched its Bitcoin loan product in 2024, adding lending to an app better known for Bitcoin payments. The company has operated since 2017 and carries a $2.1B credit facility with Tether. Collateral is held by Strike or its capital partners — there is no named third-party qualified custodian — though Strike publishes proof-of-reserves for collateral accounts and claims no rehypothecation.
APR runs 8.75–11.25% depending on principal, with no origination, prepayment, closure, or liquidation fees — the quoted APR is the only cost. Loans are 12-month fixed terms with a $10,000 minimum. Strike also offers a separate revolving line of credit with no maturity date, where interest accrues only on drawn amounts. Funding is typically same-day or the next business day.
The liquidation structure runs three stages: a warning at 65% LTV, a formal margin call at 70% (72-hour cure window to restore below 65%), and automatic partial liquidation at 85% — only enough Bitcoin sold to bring LTV back to 65%, not a full-balance sale. Strike extended the cure window from 24 to 72 hours in February 2026, one of the more generous timelines in this market. The "volatility-proof" non-liquidating product Strike has advertised is available to private clients only and is not the retail product reviewed here. Available in select US states only.
Key Facts
- No origination fee
- Proof-of-reserves for collateral
- $2.1B credit facility with Tether (2026)
- Volatility-proof loan structure (announced 2026)
- Bitcoin-only
What to Consider
- Collateral held by Strike or capital partners — not a named third-party qualified custodian
- Limited consumer state coverage (21 states as of March 2026)
- Lending product launched 2024
How Strike Compares
Strike is one of several options in the Bitcoin loan market. Borrowers often compare it alongside Arch, Ledn, and CoinRabbit. Each lender differs on APR range, custody model, rehypothecation posture, max LTV, and state coverage — factors that matter differently depending on your loan size and how much you care about custody transparency. The side-by-side comparison lets you sort and filter all Bitcoin loan lenders at once.
Frequently Asked Questions
Is Strike safe to borrow against Bitcoin?
Strike is operating since 2017. Your collateral is handled via lender-held pool. Strike does not rehypothecate your Bitcoin. Insurance coverage: Not publicly posted. As with any Bitcoin-backed loan, review the custody model, liquidation thresholds, and loan terms carefully before borrowing.
What rates does Strike charge?
Strike charges 8.75%–11.25% APR. APR varies by principal amount. No origination, prepayment, closure, or liquidation fees — APR is the only cost. There is no origination fee.
Does Strike rehypothecate my Bitcoin?
No — Strike does not rehypothecate your Bitcoin. Your collateral is held via lender-held pool and is not re-lent to other parties.
What states does Strike serve?
Strike is available in Not publicly posted. State availability not publicly posted Always confirm current availability directly with Strike before applying, as state coverage can change.
How fast does Strike fund loans?
Strike typically funds within Instant. Loan terms: 12-month fixed-term loan. Separate line-of-credit product also available (revolving, no maturity date).. Actual timing may vary based on verification requirements and your specific situation.
What fees does Strike charge?
Known fees include: no origination fee; No origination fee; No prepayment penalty. Full closure permitted after 61 days. Cash repayments free; BTC collateral repayment incurs 0.79% processing fee (state-dependent).. Always request a full fee disclosure from Strike before signing any loan agreement.
How does Strike compare to other Bitcoin loan lenders?
To see Strike side-by-side with every other major Bitcoin loan lender — rates, custody model, LTV, and more — use the free comparison tool at borrowonbitcoin.com. You can sort by APR, LTV, funding speed, or custody model and filter to your state.
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Compare all Bitcoin loan lenders →We are not a lender, broker, or registered investment advisor. We may receive compensation from some lenders featured; this does not influence our default ordering or the factual data we publish. Rates and terms are subject to change; verify directly with each lender before applying. Full disclosures.