Strike founder: Strike is building a bitcoin-collateralized credit line
According to Jinse Finance, citing Bitcoin News, Strike founder Jack Mallers revealed that Strike is building a bitcoin-backed line of credit, allowing users to borrow fiat currency in real time for Lightning payments or bill payments without having to sell their bitcoin. "It works the same way as a credit card, but uses bitcoin as collateral."
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Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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