Strike’s Growth Exploded 600% Last Year — Jack Mallers Doubles Down

CEO and founder Jack Mallers revealed stunning numbers on Friday, posting a private letter originally shared with Strike’s investors.

Strike — the Bitcoin payments app — reported over $6 billion in payments volume and 600% year-over-year growth in 2024, according to Mallers' post.

(Source: Strike 2024 Financial Metrics / @Strike on X)

At just 31 years old, the Chicago native and college dropout has built a Bitcoin empire. After hearing about Bitcoin from his father in 2013, Mallers learned to code, launched Zap Solutions in 2017, and rebranded to Strike in 2020. Since then, he’s helped make Bitcoin legal tender in El Salvador and earned near-legendary status in the crypto community.

This week’s big news: Mallers was tapped to lead Twenty One Capital — a new Bitcoin treasury firm backed by Tether and Softbank. Naturally, Bitcoiners speculated: Is he leaving Strike?

Not even close.

Mallers made it clear: he's staying as Strike’s CEO while co-founding and leading Twenty One Capital. To silence doubts, he dropped Strike’s private financials:

600% YoY growth in 2024

$6+ billion in payments volume

85% gross profit margin

21% adjusted EBITDA margin

> “Over the last five years, we’ve built Strike into one of the most profitable and fastest-growing companies in the world,” Mallers wrote. “Today, I’m sharing key metrics publicly for the first time.”

For 2025, Strike’s target is ambitious: 8–9 figures in net profit — with a team of just 75 employees.

As for his commitment, Mallers put it simply:

> “This is not a shift in my commitment — it’s an extension of it.”

#Binance #WendyO #Bitcoin #BTC #ETH #BNB

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