Strike CEO Jack Mallers Announces Lending Proof-of-Reserves, Volatility-Proof Loans, and Backs Tether Merger Plan
Bitcoin Magazine
Strike CEO Jack Mallers unveiled new Bitcoin lending features, secured a $2.1 billion credit facility, and supported a major industry merger proposal.Summary
Strike CEO Jack Mallers has announced significant updates to his company's lending platform, including a "volatility-proof" loan structure and a new proof-of-reserves system that allows clients to verify segregated Bitcoin collateral. Supported by a new $2.1 billion credit facility, these moves aim to enhance transparency and liquidity. Additionally, Mallers expressed support for a proposal by Tether Investments to merge Strike with Twenty-One Capital and mining firm Elektron Energy, a strategic move intended to integrate Bitcoin services, mining, and capital markets under one entity.
(Source：Bitcoin Magazine)