What Strike does

Strike (legal entity Zap Solutions, Inc.) is a Bitcoin-native financial services company founded in 2020 by Jack Mallers and headquartered in Chicago, with operating presence across over 100 countries and full regulatory licensing in all 50 US states following its March 2026 New York BitLicense approval. The company operates an integrated platform spanning retail bitcoin trading, global Lightning Network payments, bitcoin-backed lending, bill pay, and OTC execution for high-net-worth clients. Its core technology is built on the Bitcoin blockchain and Lightning Network, enabling instant settlement at fractions of a cent per transaction, with a public Strike API exposing these rails for developer and business integration.

Strike's product portfolio is organized across seven lines: Strike Bitcoin (buy/sell/hold with tiered fees starting at 0.89%), Strike Lending (bitcoin-collateralized term loans from 7.75% APR and revolving credit lines via subsidiary Zap Solutions Capital, Inc. and bank partner Column N.A.), Strike Bill Pay, Strike Payments (Lightning and Send Globally remittance), Strike Private (OTC desk for $1M–$100M+ orders), Strike Business (corporate treasury and payments), and the Strike Developer API. The platform holds customer bitcoin 1:1 with no rehypothecation and custodies cash in FDIC-insured accounts at partner banks including Cross River Bank and Column N.A.

The company monetizes primarily through tiered transaction fees (0.89% declining to 0.25% above $15M monthly volume), spreads on USD–bitcoin conversions (target ~0.22%), interest income from bitcoin-backed lending, and Lightning routing fees, with fee-free incentives on recurring DCA purchases and paycheck allocations up to $20,000/month to drive volume. Go-to-market is product-led and mobile-first for consumers, augmented by direct sales for HNW OTC and developer self-service for API-driven enterprise customers. Strike is privately held, has raised approximately $93.5M in venture funding across a 2021 Series A and a 2022 $80M Series B led by Ten31, and is the subject of an April 2026 proposed three-way merger with Twenty One Capital and Elektron Energy under Tether Investments' sponsorship.

Name

Strike

Legal name

Zap Solutions, Inc.

Website

https://strike.me

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Bitcoin Financial Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Online/Digital Pawn & Remote Collateral Lending (FSAKALAG), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

Keywords

• Bitcoin trading platform
• Bitcoin-backed lending
• Lightning network payments
• Cryptocurrency exchange services
• Bitcoin financial services

Headquarters

HQ city

San Salvador

HQ country

El Salvador

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Bitcoin Trading Fees: Tiered trading fees ranging from 0.89% (under $5,000 monthly volume) down to 0.25% (above $15M monthly volume). One-time buys and sells are charged based on cumulative monthly volume tier. Recurring purchases are fee-free after the first week, and paycheck direct deposit allocations up to $20,000/month are also fee-free.
2. Bitcoin-Backed Lending: Interest income from bitcoin-collateralized loans (starting at 7.75% APR for 12-month term loans) and revolving lines of credit. No origination, prepayment, closure, or liquidation fees. Loans issued by Strike Lending or partner Column N.A.
3. Fiat-Crypto Conversion Spreads: Spread on conversions between USD and bitcoin, including Send Globally payments. Strike targets an all-in spread of 0.22% on bitcoin trades. Spreads may widen during high volatility periods.
4. Lightning Network Routing Fees: Pass-through Lightning Network routing fees deducted from transaction amounts for Lightning payments sent over the network.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Strike operates a Bitcoin-native financial platform that enables users to buy, sell, and hold bitcoin with tiered trading fees starting at 0.89%, execute instant global payments via the Lightning Network, pay bills from bitcoin or cash balances, and borrow cash against bitcoin holdings through collateralized loans and revolving credit lines. The platform serves individual consumers via mobile apps, businesses through a web dashboard and API, and high-net-worth clients through a dedicated private OTC desk.

Product overview

Strike is an all-in-one Bitcoin financial platform offering a suite of integrated products: the core Strike Bitcoin platform for cryptocurrency trading and payments; Strike Lending for bitcoin-backed loans and lines of credit; Strike Bill Pay for paying bills from bitcoin; Strike Payments for Lightning Network and global money transfers; Strike Private for high-net-worth OTC trading; Strike Business for corporate bitcoin treasury and payments; and Strike Developer API for programmatic integration. The platform operates globally across over 100 countries with regulatory licensing across all 50 U.S. states, built on Bitcoin's Lightning Network for instant, low-cost transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Strike Bitcoin Core trading product that enables individuals to buy, sell, send, receive, and hold bitcoin with low tiered trading fees starting at 0.89%, no-fee recurring DCA purchases, and free on-chain withdrawals.
• Strike Lending Bitcoin-backed loans and revolving lines of credit that allow users to borrow cash against their bitcoin holdings without selling, featuring 12-month term loans starting at 7.75% APR at 50% LTV and revolving credit lines with no maturity date.
• Strike Bill Pay Bill payment service enabling users to pay utilities, credit cards, and mortgages directly from their bitcoin or cash balance, with automatic conversion when bills are due.
• Strike Payments Global payment service leveraging the Lightning Network for instant, low-cost bitcoin transactions, including worldwide bitcoin payments, Lightning addresses, cash-over-Lightning functionality, and Send Globally for international money transfers.
• Strike Private White-glove service offering OTC bitcoin execution with custom pricing, deep liquidity, and personalized support for orders from $1 million to $100M+, served through dedicated relationship managers.
• Strike Business Business-focused bitcoin platform enabling companies to add bitcoin to corporate treasuries, enable bitcoin payments, borrow against bitcoin, and pay bills, with unlimited bitcoin purchases and enterprise-grade transactions across 100+ countries.
• Strike Developer API Programmatic API enabling businesses and developers to integrate bitcoin payments, trading, and Lightning Network transactions into their own applications, with cross-network flexibility between traditional finance, Bitcoin's on-chain network, and Lightning's instant settlement.

Quantifiable outcome

• Trading fees reduced to 0.89% (from previous higher rates)
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Twenty One Capital (XXI)coreStrategic or Co-development Partner · 29 April 2026Proposed three-way merger announced April 2026: Tether-backed Twenty One Capital would merge with Strike and Elektron Energy to create a comprehensive public Bitcoin platform combining treasury, mining, financial services, and lending under one entity. No transaction terms or timeline disclosed.
• Elektron EnergycoreStrategic or Co-development Partner · 29 April 2026Proposed three-way merger partner with Twenty One Capital and Strike. Elektron's 50 EH/s Bitcoin mining fleet represents approximately 5% of network hashpower. Raphael Zagury proposed as president of combined entity.
• PlaidcoreTechnology or IntegrationThird-Party Service Provider connecting Strike to bank accounts for USD funding and withdrawal. Strike relies on Plaid to establish connections to user bank accounts. User's Plaid data usage is subject to separate agreement with Plaid.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Fold: Fold is a Bitcoin rewards and financial services app offering bitcoin-back debit card rewards, treasury services, and a publicly listed Bitcoin vehicle. Adjacent competitor in the consumer Bitcoin financial app category with growing treasury/B2B offerings.

Broad incumbents

• Coinbase: Coinbase is the largest US-regulated crypto exchange, offering multi-asset trading, custody, staking, and institutional services. Competes with Strike across retail Bitcoin trading, institutional custody, and increasingly in payments via Coinbase Commerce and Base; broader product surface but less Bitcoin-native differentiation.
• Kraken: Kraken is a long-standing US-regulated crypto exchange offering spot trading, staking, futures, and institutional services. Direct competitor in retail Bitcoin trading with stronger institutional presence than Strike; less differentiated in Lightning payments and Bitcoin-only positioning.
• Robinhood: Robinhood offers zero-commission crypto trading alongside stocks and options to a large mainstream retail base. Competes with Strike in retail Bitcoin trading and is increasingly expanding into crypto wallets and Lightning; broader product scope but less Bitcoin-specialized.

Direct peers

• MoonPay: MoonPay is a crypto payments infrastructure company providing fiat on/off-ramps, NFT checkout, and API-based Bitcoin purchases for wallets and apps. Comparable as a B2B payments infrastructure layer competing with Strike's Developer API and Strike Business rails.
• River Financial: River is a Bitcoin-only financial services company offering trading, custody, and Bitcoin-collateralized lending with a similar "Bitcoin standard" ethos. Closest peer to Strike's combined buy/sell + Bitcoin-backed lending product mix.
• Swan Bitcoin: Swan Bitcoin is a Bitcoin-only platform focused on automated recurring purchases (DCA), IRAs, and business treasury. Most direct peer in the "Bitcoin-only, low-fee DCA" positioning; competes head-to-head for Strike's primary individual consumer segment.
• Unchained Capital: Unchained Capital is a Bitcoin financial services firm specializing in Bitcoin-collateralized loans, multi-signature custody, and treasury services for individuals and businesses. Most direct comparator to Strike Lending's product line and to Strike's bitcoin-backed lending value proposition.
• Cash App (Block): Cash App, operated by Block (formerly Square), is the largest mainstream consumer Bitcoin on-ramp in the US, offering buy/sell, Lightning payments, and bitcoin rewards. Direct competitor in retail Bitcoin trading, bill pay adjacent flows, and Lightning payment rails — and the most-cited competitor in Strike's own positioning.

Regional players

• Relai: Relai is a Switzerland-based Bitcoin-only buying app popular across Europe. Comparable product (Bitcoin-only DCA, low fees, self-custody emphasis) and competes with Strike's European consumer base, though without Strike's lending, bill pay, or OTC institutional stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/strike
• YouTubeyoutube.com/@thejackmallersshow
• LinkedInlinkedin.com/company/strikebtc
• Instagraminstagram.com/strike.btc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strike