Strike launches Bitcoin mortgage loan, borrowers' continuous repayment can avoid forced liquidation

According to The Block, Strike, a subsidiary of Jack Mallers, has launched a new Bitcoin mortgage loan product that allows borrowers to avoid forced liquidation regardless of the level of Bitcoin prices, while continuing to repay. Strike founder Mallers said, "No margin call, no price clearing, no matter how much Bitcoin falls, your Bitcoin will not be moved." This product abandons the price trigger mechanism linked to the loan to value ratio. If the borrower misses interest or fails to pay within the 10 day grace period, the collateral may be partially liquidated. This loan is applicable to term loans in some states of the United States and does not currently support credit limits.