Strike CEO Jack Mallers rolled out a new bitcoin-backed loan product on July 7 that removes price-triggered liquidations from the loan term entirely.
Key Takeaways
Jack Mallers launched Strike’s volatility-proof bitcoin loans on July 7, 2026.Volatility-proof loans cap LTV at 45% and carry a roughly 2.95% rate premium.The product excludes California, New York and Texas under Strike’s current terms.The new loans respond directly to that feedback. Borrowers can originate a new loan, refinance an existing one, or consolidate multiple loans into a volatility-proof structure. There is no option to switch mid-term.
What Changes, and What It CostsPrice protection has a limit. If a borrower misses an interest payment or fails to repay at maturity, a 10-day grace period applies. After that, Strike can sell part of the collateral to cover what is owed. Mallers made the distinction clear on X: “That’s why we call it ‘volatility-proof,’ not ‘liquidation-proof.'”
Repayment Risk Replaces Price Risk What This Means for Traders
