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Strike
Bitcoin-native app offering 12-month BTC-backed loans with 50% max initial LTV and current individual rates from 9.5% APR (10.5% at the <$250k tier).
Run your numbers
What happens if BTC drops.
The single most important question on a Bitcoin loan. With Strike, liquidation is a managed process. If your loan-to-value rises toward the liquidation threshold below, Strike works through margin calls before any collateral is sold.
At Strike's 50% opening LTV, BTC would have to fall 41% before a position opened at that LTV reaches the 85% liquidation threshold.
Cure window: 72 hours.
What Strike publishes: Current Strike FAQ shows a 65% warning, 70% margin-call trigger, a 72-hour cure window to bring LTV back to 65% or below, and automatic partial liquidation at 85%. Confirm live agreement terms before relying on the window. https://strike.me/blog/announcing-upgrades-to-bitcoin-backed-loans/
The terms, translated.
With Strike, the “contract” is the loan agreement and the platform’s risk parameters. We've pulled the key terms from Strike's own data and translated them into plain English.
How Strike compares to its closest cousins.
The org, the founder, the governance.
Current individual-loan FAQ says 12-month loans, $10,000 minimum, no maximum, APR from 9.5% (10.5% at the <$250k tier), 50% maximum initial LTV, daily interest accrual, early closure after 60 days, and 0% origination, early repayment, late payment, and liquidation fees. Current LTV FAQ says a 70% margin call must be cured to 65% or below within 72 hours, with automatic partial liquidation at 85%. Exact quote and availability still depend on Strike app approval and current loan agreement.
The 8-factor breakdown.
Custodial. Scores 6/10 (moderate) on the custody axis. Non-custodial designs score highest because no third party can move collateral; custodial designs lose points proportional to operator discretion.
Policy: undisclosed. Scores 5/10 (moderate). "Strict" / "no-rehypothecation" policies score highest because collateral cannot be lent out; "permitted" policies lose points for exposure to counterparty failure on the re-pledged BTC.
Scores 8/10 (solid). Programmatic on-chain liquidation at a fixed LTV scores highest (predictable, no operator discretion); discretionary or off-chain liquidation processes lose points proportional to opacity and timing risk.
Regulatory status: registered. Scores 7/10 (solid). US/EU-regulated lenders with explicit licensing score highest; offshore or DAO-governed entities lose points because there's less recourse if something goes wrong.
No public reserves reporting. Scores 6/10 (moderate). Without auditable reserves disclosure, depositors have no independent confirmation that the assets exist and are unencumbered.
Scores 7/10 (solid). Lenders that publish operating reports, smart-contract code, and live rate/LTV parameters score highest; those that bury terms in PDFs or change rates without notification lose points.
7+ years operating since 2019. Scores 7/10 (solid). Older operations with surviving stress events (March 2020, Nov 2022, etc.) score highest; younger or untested operations lose points proportional to how many full cycles they've operated through.
Scores 6/10 (moderate). Loan agreements with explicit liquidation order, segregated-account language, and clear borrower recourse score highest; ambiguous default terms lose points.
Same score, different shape.
Each spoke is one of the eight factors behind Strike's 6.3/10, plotted 0–10 and ordered by methodology weight. The filled shape is the lender's safety profile. Two lenders can share an overall score and still have opposite shapes — a balanced octagon is a very different risk than a spike on one axis with thin edges everywhere else. Strike is strongest on liquidation (8/10) and thinnest on rehypothecation (5/10).
Questions readers actually ask about Strike.
What makes Strike different from other BTC lenders?
Strike is a Bitcoin-native app with BTC-backed loans managed through the Strike mobile app. Current individual-loan FAQ copy shows 12-month terms, 50% maximum initial LTV, and no published origination fee. Pledge treats the current individual FAQ as primary and keeps business or older page wording separate when it differs.
What are Strike Bitcoin loan rates?
Strike's current individual-loan FAQ shows rates starting at 9.5–10.5% APR. Final pricing can vary by loan type, amount, availability, and the live loan agreement, so treat this as a sourced starting point rather than a guaranteed quote.
What happens if BTC drops with a Strike loan?
Current Strike LTV FAQ language shows a 65% warning, 70% margin call, 72-hour cure window to bring LTV back to 65% or below, and 85% automatic partial liquidation threshold. Confirm the live loan agreement before relying on timing.
Which US states does Strike exclude?
Strike is excluded in our tracked US dataset: AL, CA, CO, DE, HI, ID, LA, MI, MS, MO, MT, NV, NY, ND, OH, RI, SC, SD, TN, TX, VT, VA, and WA.
The receipts.
Every figure on Strike traces to a primary document. These are the ones we read — open any of them.
12-month individual loan terms, $5,000 minimum, starting 10.5% APR, 50% max initial LTV, daily accrual, zero origination/early repayment/late/liquidation fees, and bitcoin-trading-fee caveat for payments from BTC balance
Product mechanics, select-country availability, 12-month terms, no credit-agency reporting, app-based loan opening, and collateral return mechanics
- Strike LTV FAQ ↗Verified
50% maximum initial LTV, 70% margin call, 24-hour cure window, and 85% automatic partial-liquidation threshold
Business-loan pages and older lending pages have shown different minimums, APR floors, and liquidation-fee wording than the current individual FAQ, so Pledge separates individual and business terms