Strategic Acquisitions is a small, early-stage lender that makes U.S. dollar loans collateralized by Bitcoin to small businesses and individuals outside the U.S., primarily in Asia and Europe. Borrowers use these loans to access dollar liquidity against their Bitcoin holdings without selling their digital assets. Loans range from $500K to $5M with terms of 3 to 36 months, structured as either amortizing loans or interest-only with a balloon at maturity. If a borrower's collateral falls below a margin threshold, Strategic Acquisitions can liquidate the Bitcoin collateral to recover principal and accrued interest. The company earns revenue from interest income and origination fees, and funds its loan book by borrowing from lenders and strategic partners, meaning profitability depends on the spread between its cost of capital and the rates it charges borrowers. The company may also re-pledge borrowers' Bitcoin collateral to manage capital needs. As of July 2024, all outstanding loans were repaid and lending operations have been temporarily halted. Strategic Acquisitions has stated intentions to build a proprietary software platform to originate and service loans at scale, but development has not begun due to lack of funding. The company has no employees and is run by two consultants serving as executive managers.