Strike Launches Bitcoin-Backed Loans for U.S. Customers: Borrow $75K to $2M Without Selling BTC

Strike has launched a new bitcoin-backed loan service, allowing eligible U.S. users in select states to borrow cash against their bitcoin holdings without selling. Loan amounts range from $75,000 to $2,000,000 for individuals, with terms up to 12 months and a 12% APR. No origination fees are charged. 63% of Bitcoin supply has been dormant for over a year, and over 90% of BTC bought on Strike is moved to cold storage, indicating strong hodler conviction. Business loans from $10,000 to $2,000,000 are also available. Repayment can be monthly or lump-sum, and borrowers can adjust LTV by adding collateral. The process requires no credit check and triggers no taxable events. Strike partners with vetted third-party custodians to ensure security. This move expands Bitcoin's financial utility beyond simple speculation.