Jack Mallers has announced the launch of Strike’s Bitcoin Line of Credit (BLOC), which allows users to borrow fiat against their Bitcoin without selling, thus avoiding taxable events associated with asset sales. Rolling out first in Massachusetts and Georgia, the service offers BTC holders liquidity through collateralized fiat loans while presenting no custody risks. These states were chosen due to their favorable regulatory frameworks for crypto lending, which supports the product’s introduction.
Strike launches Bitcoin Line of Credit in Massachusetts and Georgia
