Your bitcoin collateral is held by Strike or one of our capital providers, where it is kept in segregated wallets or accounts with no further rehypothecation. Your bitcoin is never lent out, shorted, or transferred to any other third party. This applies to both fixed-term loans and the line of credit.
You can monitor your collateral amount, value, and status from your Loan Center or Line of Credit Center at any time.
| Event | What happens |
|---|---|
| Opening a loan or line of credit | Collateral is transferred to Strike or a capital provider |
| Adding collateral | Same custody arrangement as at opening |
| Retrieving collateral | Returned to your Strike bitcoin balance |
| Closing your loan or line of credit | Returned to your Strike bitcoin balance within 3 business days |
| Liquidation | A portion is sold to reduce your LTV. Remaining collateral stays in custody. |
Closures are available on demand, with no fee, once your loan or line of credit has been open for more than 60 days. For the line of credit, the 60-day period restarts each time you add collateral to increase your credit line.
Learn about the fees and terms for both products.