Meanwhile Insurance Bitcoin (Bermuda) Limited has achieved a historic milestone by becoming the first company globally to release externally audited financial statements entirely in Bitcoin. For the year 2024, Meanwhile reported significant growth with assets of 220.4 BTC and net income of 25.29 BTC, reflecting a 300% year-over-year increase. Audited by Harris & Trotter LLP, the financials are compliant with Bermuda’s Insurance Act 1978, positioning the company as a pioneer in Bitcoin-denominated insurance services, emphasizing the long-term nature of Bitcoin holdings against market fluctuations.
We've just made history as the first company in the world to have Bitcoin-denominated financial statements externally audited, which is important for reimagining the financial system.
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.
Collection
[
|
...
]