Yes, you can repay part or all of your bitcoin-backed loan early at any time. This gives you more flexibility and helps reduce the overall cost of your loan. There are no fees for making early payments.

You also have the option to fully close your loan after 60 days, which returns your bitcoin collateral before the maturity date.

Early principal repayments

Making an early payment lowers your outstanding principal, which:

• Reduces your daily interest accrual moving forward
• Lowers the amount due at maturity
• Improves your loan-to-value (LTV) ratio
• Lowers your margin call and liquidation price thresholds

Early payments must be made from your cash balance. Payments from bitcoin, linked bank accounts, or debit cards are not currently supported.

Example: Early repayment on a $100,000 loan

Let’s say you open a Monthly Interest loan for $100,000 at 13% APR, and you make an early principal payment of $20,000 halfway through the 12-month loan term.

• If you made no early payments, the total amount due at maturity would be $113,000 ($100,000 principal + $13,000 interest).
• By repaying $20,000 of principal after 6 months, interest accrues on just $80,000 for the second half of the loan.
• Your new total due at maturity would be $80,000 and the total interest paid would be $11,700.

Note: Making a 100% principal repayment does not close your loan or return your collateral. You must formally close the loan if you want your bitcoin returned before maturity.

Closing your loan

After 60 days, you can close your loan at any time by repaying the full outstanding principal and interest. You can pay using your cash balance or by selling enough bitcoin collateral to cover the balance. Once repaid, your remaining collateral is returned to your account.

Learn how to close your loan →

How to make an early payment

To repay early:

1. Go to the Cash tab in your Strike app
2. Tap the LTV tracker to open your Loan Center
3. Tap Manage LTV
4. Select Pay cash
5. Enter your desired amount and confirm

Notes on early payments

Topic	Details
Source of funds	Early payments must come from your cash balance
Interest timing	Interest accrues daily on the loan's previous principal until the date of your payment
Partial collateral access	Early payments can reduce your LTV enough to unlock some of your collateral
Loan increases	You cannot increase your loan amount after it's opened

Stay tuned to Strike on X for updates on new loan features.