Search results for Jack Mallers
Crypto
Bitcoin finance platform Strike launches collateralised loan without margin calls
Bitcoin financial services platform Strike has launched a bitcoin-backed loan product that does not trigger margin calls or price-based forced liquidation even if bitcoin prices fall sharply. The product reduces liquidation risk in bear markets but comes with higher interest rates of 10.7 to 14.2 percent, a six-month term and strict repayment requirements. If borrowers miss payments, they must pay within 10 days or contact Strike, or collateral may be liquidated.
Crypto
Tether buys 26 percent stake in SoftBank-held Twenty One Capital, strengthens control
Stablecoin issuer Tether has bought about 26 percent of Twenty One Capital held by SoftBank Group, Cointelegraph reported on Tuesday. The purchase price was not disclosed. SoftBank was an early investor in Twenty One Capital, which launched in 2025 as a bitcoin treasury company backed by Cantor Fitzgerald and led by Jack Mallers. SoftBank-appointed directors will step down from the board following the ownership change.
Crypto
Strike wins New York BitLicense, builds services across 50 U.S. states
Bitcoin payments firm Strike has obtained a BitLicense and a money transmitter licence from the New York State Department of Financial Services, The Block reported on March 6. The approvals allow Strike to provide bitcoin financial services to New York residents and businesses. Strike will offer services including bitcoin brokerage, recurring purchases, converting payroll into bitcoin and paying bills using bitcoin balances. Its founder and CEO Jack Mallers called the licence a decisive milestone.
