Strike received a BitLicense and a money transmission license from the New York State Department of Financial Services, paving the way for bitcoin. financial services firm to operate in the state.
“Receiving our BitLicense is a defining milestone for Strike,” said Jack Mallers, Founder and CEO of Strike. “With our BitLicense, we can now bring that mission to New York, the global financial center.”
Strike’s entry into New York is part of its expansion plans outlined in November 2025, when Mallers said its platform would add bitcoin-backed loans to allow users to borrow fiat currency while still holding onto their bitcoins. The move would put Strike in a sector that saw several high-profile failures in 2022, when lenders such as BlockFi, Celsius and Genesis filed for bankruptcy during the cryptocurrency market crash.
The approval, announced Thursday, allows Strike to offer its products to individuals and businesses in New York, one of the most strictly regulated digital asset markets in the U.S. The company can now provide services including buying and selling bitcoins, salary deposits converted into bitcoins, and bill payments made from a bitcoin balance.
Strike may also offer tools such as recurring buys and price-triggered orders that execute trades when bitcoin reaches a set level. Users can also convert up to 100% of deposited salaries directly into bitcoin, waiving conversion fees for deposits of up to $20,000 each month.
Strike said customers’ cash and bitcoin balances are held on a one-to-one basis and are not lent out or used for the company’s operations.
The license places the company under the supervision of the New York State Department of Financial Services, which includes audits, capital reserve rules and cybersecurity examinations.
