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Strike Unveils Bitcoin Loan Proof-of-Reserves, $2.1B Credit Facility, Backs Merger Plan
Strike CEO Jack Mallers announced lending proof-of-reserves, a new volatility-proof bitcoin-backed loan built with Tether, and a $2.1 billion credit facility. Mallers said the proof-of-reserves tool lets borrowers verify that collateral is held in segregated on-chain addresses. He also backed Tether Investments’ proposal to merge Strike with Twenty-One Capital and bitcoin miner Elektron Energy.