In the latest interview, Strike CEO Jack Mallers said its platform will launch Bitcoin-backed lending “within days” via its application.
⚡️JUST IN: Strike to launch Bitcoin-backed lending “within days” – CEO Jack Mallers
— Bitcoin Archive (@BTC_Archive) April 25, 2025
Strike CEO Unveils Bold Bitcoin Venture
Bitcoin-backed lending is a process where you use your Bitcoin as collateral to take out a loan. Instead of selling your Bitcoin, you pledge it as security for the loan. The lender gives you cash, and if you repay the loan with interest, you get your Bitcoin back.
At Twenty One, our mission is simple: grow Bitcoin per share (BPS).
We’re not here to beat the market, we’re here to build a new one.
We measure success in #Bitcoin, not fiat. pic.twitter.com/ciQD3GPKHo
— Jack Mallers (@jackmallers) April 25, 2025
If you fail to repay, the lender keeps your Bitcoin. It is a way to access liquidity without having to sell your Bitcoin holdings.
You can either pay interest every month or pay everything at the end of the loan, with a 12.68% yearly interest rate if you choose the second option. The benefit is that you get cash without selling your Bitcoin, but the risk is that if Bitcoin’s price drops, you might have to add more Bitcoin, or your loan could close, and your Bitcoin sold.
In an interview, Jack Mallers said that their mission is to grow Bitcoin per share (BPS). “We’re not here to beat the market, we’re here to build a new one. We measure success in Bitcoin, not fiat,” he said.
Just a few days back, Twenty One Capital announced the launch of Twenty One Capital to emerge as one of the largest corporate holders of cryptocurrency. This Bitcoin investment vehicle will be backed by Tether, SoftBank, and Bitfinex.
According to an earlier report, Tether and Bitfinex will inject a combined $2.1 billion, while SoftBank will contribute $900 million. Another $550 million is expected to be raised through bonds and private equity, with the funds earmarked for buying Bitcoin.
Also Read: Bitcoin Eyes New High as ETF Inflows and Whale Accumulation Drive Rally
