Strike Launches Volatility-Proof Bitcoin Loans Without Liquidation Risk

According to The Block, Strike has launched a new bitcoin-backed lending product that protects borrowers from liquidation regardless of bitcoin price declines, provided payments remain current. "No margin calls. No price liquidations," Strike founder Jack Mallers said, noting collateral stays "untouched" as long as payments are kept up.

Collateral can be partially liquidated only if a borrower misses payments and fails to pay within a 10-day grace period. The loans are available for term loans in select U.S. states. The launch comes as bitcoin trades around $63,000 following recent market volatility.