Strike CEO Jack Mallers Announces Lending Proof-of-Reserves, Volatility-Proof Loans, and Backs Tether Merger Plan

Strike CEO Jack Mallers announced a series of product updates and strategic moves, including the launch of lending proof-of-reserves, a new ‘volatility-proof’ bitcoin-backed loan structure built with Tether, and a $2.1 billion credit facility. He also supported a proposal by Tether Investments to merge Strike with Twenty-One Capital and bitcoin miner Elektron Energy.

Read the full article and join the community discussion on Inimzu.