Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, paving the way for Bitcoin. financial services company to operate in the state.
“Receiving our BitLicense is a milestone for Strike,” said Jack Mallers, Founder and CEO of Strike. “Thanks to our BitLicense, we can now bring this mission to New York, the global center of finance.”
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 continuing to hold their bitcoin. The move would place Strike in an industry that saw several high-profile failures in 2022, when lenders such as BlockFi, Celsius, and Genesis filed for bankruptcy during the crypto market downturn.
The approval, announced Thursday, allows Strike to offer its products to individuals and businesses in New York, one of the most tightly regulated digital asset markets in the United States. The company can now provide services including buying and selling bitcoins, salary deposits converted to bitcoins, and bill payments made from a bitcoin balance.
Strike may also offer tools such as recurring purchases and price-triggered orders that execute trades when bitcoin reaches a set level. Users can also convert up to 100% of their deposited salaries directly into Bitcoin, with conversion fees waived on deposits of up to $20,000 per month.
Strike said customers’ bitcoin and cash balances remain held individually and are not loaned out or used for company 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 reviews.
