We have advised our new client Strike, a renowned crypto and payment company on their innovative Bitcoin collateralised lending products, most notably on Term Loans and Line of Credit products. Advisory included various regulatory and consumer protections matters.

About Strike:

Strike is a Bitcoin-focused financial technology company founded by Jack Mallers. The company is best known for building a global payments platform powered by Bitcoin and the Lightning Network, enabling users to send money instantly and at very low cost across borders.

Strike’s core mission is to modernize the global payment infrastructure by combining traditional banking rails with Bitcoin technology. Through the Strike app, users can buy, sell and hold Bitcoin, make international transfers, pay invoices, and send payments globally in real time. The company operates in more than 100 countries and has become one of the most recognized companies within the Bitcoin ecosystem.

The company is particularly known for leveraging the Bitcoin Lightning Network, a second-layer protocol built on Bitcoin that enables extremely fast and inexpensive transactions. Strike gained significant international attention for its role in promoting Bitcoin adoption in El Salvador, where Jack Mallers was influential in supporting the country’s decision to adopt Bitcoin as legal tender in 2021.

In recent years, Strike has expanded beyond payments into additional Bitcoin-based financial services, including bitcoin-backed lending products and infrastructure solutions for businesses and institutions. The company has also raised substantial institutional funding and positioned itself as one of the leading companies focused exclusively on Bitcoin-native financial services.

(Sources: Strike, Bitstamp, salt.org, yahoo finance. Copyright: Strike)