Bermudian-based Meanwhile, the world’s first Bitcoin life insurance company, has formed a strategic partnership with Swiss-headquartered Block Green, the Bitcoin investment platform.

Meanwhile will supply liquidity via a Bitcoin denominated revolving credit facility and will provide working capital for Bitcoin miners to finance capital expenditure investment for mining and artificial intelligence compute.

Block Green said the platform will provide Meanwhile with yield opportunities from credit worthy industrial Bitcoin miners, aligning with their fund’s objective to invest in products that enhance exposure to Bitcoin.

The company said: “This partnership will create a strong financial foundation for the continued growth of Block Green’s ecosystem while enabling the potential for exponential out performance of Bitcoin prices for the Meanwhile fund.”

Zac Townsend, chief executive of Meanwhile, said: “Meanwhile is creating products that let investors unlock Bitcoin’s full potential and purchasing power without costly taxes or traditional loans.

“Through innovative solutions like their Bitcoin-backed loans, companies like Block Green can continue to build for the digital asset economy.”

Sebastien Hess, chief executive of Block Green, said: “We’re excited about this new partnership, which represents a significant milestone in the ongoing maturity and evolution of the Bitcoin financial ecosystem.

“Both Meanwhile and Block Green share a deep commitment to the Bitcoin Standard, and we’re proud to offer innovative financing products that provide a growing number of investors with unique exposure to the mining industry and beyond with upcoming opportunities in AI.”

Meanwhile has a Class IILT licence from the Bermuda Monetary Authority.