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      Strike Introduces 3.6% Interest on Cash Balances Paid in Bitcoin

      Strike, a financial platform founded by Jack Mallers, has launched a new feature allowing users in the United States to earn a 3.6% annual percentage yield on their cash balances, with interest paid out in Bitcoin. This feature, named Bitcoin Interest on Cash, was announced on October 6, 2026, and is designed to convert idle cash into Bitcoin, with interest payments delivered monthly in satoshis, the smallest unit of Bitcoin.

      Users can opt into this feature through the Strike app, with no minimum or maximum balance required to earn the interest. However, payments will only be triggered when daily interest exceeds $0.01, meaning smaller balances may not generate immediate payouts. For example, with Bitcoin priced at approximately $85,000, an $8,000 cash balance could yield around $288 in Bitcoin income annually, equating to about 338,824 satoshis.

      The cash balances are held at Cross River Bank, which provides FDIC insurance for deposits up to $250,000 per depositor. Strike clarifies that it is not a bank but acts as a platform, while the regulated bank manages the cash deposits. Additionally, user Bitcoin holdings are maintained in multi-signature cold storage, ensuring enhanced security against potential breaches. This new offering is part of a broader strategy by Strike to create a comprehensive Bitcoin financial ecosystem, building on previous product launches in 2026 that included Bitcoin-backed lending options.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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