{"id":3701,"date":"2025-06-05T16:16:12","date_gmt":"2025-06-05T16:16:12","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/06\/05\/bitcoin-life-insurer-meanwhile-becomes-first-company-to-publish-audited-financials-denominated-in-bitcoin\/"},"modified":"2025-06-05T16:16:12","modified_gmt":"2025-06-05T16:16:12","slug":"bitcoin-life-insurer-meanwhile-becomes-first-company-to-publish-audited-financials-denominated-in-bitcoin","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/06\/05\/bitcoin-life-insurer-meanwhile-becomes-first-company-to-publish-audited-financials-denominated-in-bitcoin\/","title":{"rendered":"Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin<\/a><\/p>\n

<\/div>\n

Meanwhile Insurance Bitcoin (Bermuda) Limited (\u201cMeanwhile\u201d) announced<\/a> it has become the first company in the world to release externally audited financial statements denominated entirely in Bitcoin<\/a>. 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.<\/p>\n

\n

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.<\/p>\n

As the 1st company in the world to have Bitcoin-denominated financial statements externally audited, we are excited to\u2026<\/p>\n

\u2014 meanwhile | Bitcoin Life Insurance (@meanwhilelife) June 5, 2025<\/a>\n<\/p><\/div>\n

\u201cWe\u2019ve just made history as the first company in the world to have Bitcoin-denominated financial statements externally audited,\u201d said Zac Townsend<\/a>, CEO of Meanwhile. \u201cThis is an important, foundational step in reimagining the financial system based on a single, global, decentralized standard outside the control of any one government.\u201d\u00a0<\/p>\n

The financial statements were audited by Harris & Trotter LLP and its digital asset division ht.digital<\/a>. Meanwhile\u2019s financials also comply with Bermuda\u2019s Insurance Act 1978<\/a>, 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<\/a> assets except through policyholder claims, positioning it as a long term holder.\u00a0<\/p>\n

\u201cAs the first regulated Bitcoin life insurance company, we view the BTC held by Meanwhile as inherently long-term in nature\u2014primarily held to support the Company\u2019s insurance liabilities over decades,\u201d Townsend added. \u201cThis makes it significantly \u2018stickier\u2019 and resistant to market pressures compared to the BTC held by other companies as part of their treasury management strategies.\u201d\u00a0<\/p>\n

Meanwhile\u2019s 2024 financials also revealed 23.02 BTC in net premiums and 4.35 BTC in investment income, showing that its model not only preserves Bitcoin, but earns it. The company\u2019s reserves (also held in BTC) were reviewed and approved by Willis Towers Watson (WTW).\u00a0<\/p>\n

Meanwhile also offers a Bitcoin Whole Life insurance product that allows policyholders to save, borrow, and build legacy wealth\u2014entirely in BTC, and has plans to expand globally in 2025.<\/p>\n

\u201cWe are incredibly proud of today\u2019s news as it underscores how Meanwhile is at the forefront of the next phase of the convergence between Bitcoin and institutional financial markets,\u201d said Tia Beckmann, CFO of Meanwhile. \u201cNow having generated net income in BTC, we have demonstrated that we are earning it through a sustainable insurance business model designed for the long term.\u201d\u00a0<\/p>\n

This post Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Life Insurer, Meanwhile, Becomes First Company to Publish Audited Financials Denominated in Bitcoin Meanwhile Insurance Bitcoin (Bermuda) Limited (\u201cMeanwhile\u201d) 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 […]<\/p>\n","protected":false},"author":0,"featured_media":3702,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3701"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3702"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}