There are several ways to access your bitcoin collateral, depending on whether you have a fixed-term loan or a line of credit.

Retrieve collateral early

For both products, you can retrieve a portion of your bitcoin collateral as long as:

• Your loan or line of credit is more than 60 days old
• Your current LTV is 40% or lower
• Your LTV after the retrieval stays below 50%

To retrieve collateral:

1. Tap your LTV Tracker on the Cash tab to open your Loan Center or Line of Credit Center
2. Scroll to the bottom and tap Retrieve collateral
3. Follow the on-screen steps to confirm the amount

Once confirmed, your bitcoin is credited to your Strike bitcoin balance and available for withdrawal.

For the line of credit, retrieving collateral may reduce your available credit. Your credit line will not increase automatically if the bitcoin price rises. You must explicitly consent to increase it.

Close your loan or line of credit

You can close your loan or line of credit after 60 days and get all your collateral back. This requires paying all outstanding principal and accrued interest. Your collateral is returned to your bitcoin balance within 3 business days.

Making a 100% principal repayment does not automatically return your collateral. You must formally close the loan or line of credit through the Loan Center or Line of Credit Center.

For the line of credit, if you added collateral to increase your credit line, the 60-day hold period restarts from the date of the increase.

Repay your 12-month loan at maturity

On your loan's maturity date, the outstanding principal and interest will be automatically deducted from your selected payment source. Your remaining collateral will be returned to your bitcoin balance within 3 business days.

The line of credit has no maturity date, so this does not apply.

Learn more about your loan-to-value (LTV) ratio and how collateral affects it.