Strike CEO Jack Mallers: Launching Loan Proof Reserves and Volatility Protection Loans

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CryptoWorld News reports that Strike CEO Jack Mallers announced a series of product updates and strategic initiatives at the 2026 Bitcoin Conference, including the launch of proof-of-reserve loans, a volatility-protected Bitcoin collateral loan structure in partnership with Tether, and a $2.1 billion credit line. He stated that Strike’s Bitcoin collateral loan and credit line businesses have grown significantly since launch, with users preferring borrowing over selling Bitcoin. Mallers also supported Tether’s investment proposal to merge Strike with Twenty-One Capital and Bitcoin miner Elektron Energy. He pointed out that Strike’s loan interest rates have been adjusted, now at 10.5% APR (for loans under $250k) to 7.49% APR (for loans over $5 million). Mallers also introduced the first iteration of proof-of-reserve loans, allowing borrowers to verify the existence and segregation of their collateral.

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