Jack Mallers Net Worth | How Much BTC Does He Own?
Mike Harry
Feb 2024
4 min to read
Fact checked
Introduction: Jack Mallers is a prominent entrepreneur, software developer, and hardcore advocate for Bitcoin. He is the founder of Strike, a Bitcoin and Lightning Network payments company that is on a mission to offer instant payments globally. In this breakdown, we explore how Jack Maller made his money and estimate what his net worth is in 2023.
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Who is Jack Mallers?
Jacker Mallers was born in 1994 in Chicago, Illinois and attended college at St John’s University in New York. Jack dropped out after a year to go to Starter School to focus full-time on learning how to code.
Jack was first introduced to Bitcoin by his father in 2013 but began looking at it more seriously a few years later. In 2017, Mallers recognised the potential for fast and easy transactions with the Lightning Network (LN).
In the summer of 2017, Jack founded Zap which was a user-friendly non-custodial wallet which enabled payments over the Lightning Network.
In September 2019, Zap launched Olympus, a fiat to Bitcoin on-ramp to make it easier to buy Bitcoin over the Lightning Network.
Olympus was eventually rebranded to Strike, a platform that allowed users to transact with Lightning Network payments using their debit cards or bank accounts, without requiring a wallet or prior Bitcoin experience.
Jack Mallers Strike
Jack gained notoriety for his work in the Lightning Network and was featured in the Vice documentary “The Bitcoin Phenomenon.” In 2021, Mallers was named one of the 30 under 30 in Forbe’s list of young entrepreneurs impacting the financial sector.
Jack Mallers Net Worth Forbes
How did Jack Mallers make his money?
It is estimated that despite having started two companies, Zap and Strike, Jack Mallers made a big chunk of his liquid net worth by buying a lot of Bitcoin between 2013 and 2021.
Besides his Bitcoin investments, Jack has raised over $90 million in Series B funding for his company Strike. If we assume that Jack gave 30-40% of his company when raising his Series A & B rounds and is a majority stakeholder, his shares of Strike could be worth over $100 million in the private market.
Jack Mallers’s Strike Net Worth
The exact percentage of Strike CEO Jack Maller's owns is not publicly disclosed. However, based on various sources, it is believed that Jack is a major shareholder and owns a significant stake in the company.
Some estimates suggest that his ownership stake in Strike could be worth over $100 million.
In closing
Jack Mallers on Bitcoin
Strike CEO Jack Mallers has become somewhat of a legend in the Bitcoin community through his epic interviews where he passionately educates the world about Bitcoin.
By investing in Bitcoin early on and targeting his efforts on building Bitcoin focused companies, Jack has in short time amassed a net worth that likely exceeds $100 million.
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