Bitcoin Life Insurer, Meanwhile, Becomes First Company To Publish Audited Financials Denominated In Bitcoin
The post Bitcoin Life Insurer, Meanwhile, Becomes First Company To Publish Audited Financials Denominated In Bitcoin appeared on BitcoinEthereumNews.com.
Meanwhile Insurance Bitcoin (Bermuda) Limited (“Meanwhile”) announced it has become the first company in the world to release externally audited financial statements denominated entirely in Bitcoin. According to the announcement, the company reported 220.4 BTC in assets and 25.29 BTC in net income for 2024, a 300% year over year increase. Today marks a global first & historic event for us, along with the public release of our 2024 audited financial statements, covering our 1st year of sales. As the 1st company in the world to have Bitcoin-denominated financial statements externally audited, we are excited to… — meanwhile | Bitcoin Life Insurance (@meanwhilelife) June 5, 2025 “We’ve just made history as the first company in the world to have Bitcoin-denominated financial statements externally audited,” said Zac Townsend, CEO of Meanwhile. “This is an important, foundational step in reimagining the financial system based on a single, global, decentralized standard outside the control of any one government.” The financial statements were audited by Harris & Trotter LLP and its digital asset division ht.digital. Meanwhile’s financials also comply with Bermuda’s Insurance Act 1978, noting that their BTC denominated financials were approved and comply with official guidelines. The firm, fully licensed by the Bermuda Monetary Authority (BMA), operates entirely in BTC and is prohibited from liquidating Bitcoin assets except through policyholder claims, positioning it as a long term holder. “As the first regulated Bitcoin life insurance company, we view the BTC held by Meanwhile as inherently long-term in nature—primarily held to support the Company’s insurance liabilities over decades,” Townsend added. “This makes it significantly ‘stickier’ and resistant to market pressures compared to the BTC held by other companies as part of their treasury management strategies.” Meanwhile’s 2024 financials also revealed 23.02 BTC in net premiums and 4.35 BTC in investment income, showing that its…
Filed under: News - @ June 5, 2025 5:28 pm