Block Green, a leading Bitcoin investment platform backed by Peter Thiel’s Founders Fund, has announced a strategic partnership with Meanwhile, a pioneer in Bitcoin-denominated life insurance products backed by Sam Altman. Meanwhile will supply liquidity via a Bitcoin denominated revolving credit facility and will be to provide working capital for Bitcoin miners to finance capital expenditure investment for mining and AI compute.
The Block Green 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. 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.
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“Meanwhile is creating products that let investors unlock Bitcoin’s full potential and purchasing power without costly taxes or traditional loans,” said Zac Townsend. “Through innovative solutions like their Bitcoin-backed loans, companies like Block Green can continue to build for the digital asset economy.”
“We’re excited about this new partnership, which represents a significant milestone in the ongoing maturity and evolution of the Bitcoin financial ecosystem,” said Sebastien Hess, CEO of Block Green. “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.”
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Source – prnewswire
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