With a bitcoin-backed line of credit, your available credit adjusts based on your collateral's market value and your outstanding principal. When bitcoin's price drops, your collateral is worth less, so Strike automatically reduces how much you can draw to protect you from approaching a margin call. When bitcoin's price rises, your available credit can increase.

Increase your available credit

Available credit is the portion of your limit you can draw right now. You can increase your available credit by adding collateral or repaying principal:

1. Tap your LTV Tracker on the Cash tab
2. Tap Add collateral or Repay
3. Choose the amount and confirm

Repaying principal frees up available credit immediately. Adding collateral lowers your LTV and increases the amount you can draw.

Increase your credit limit

Your credit line is the maximum you can draw. If your collateral value grows, you can request a credit limit increase up to $250,000 from your Line of Credit Center. No additional collateral is required if the price appreciation already covers it.

Increasing your credit limit resets the 60-day hold period before you can close your line of credit or retrieve collateral. You can still repay your balance and stop accruing interest during this period.

Credit limit increases are only available for the line of credit. Fixed-term loan amounts cannot be changed after the loan is opened. To borrow more as a fixed-term loan, open an additional loan.