Meanwhile Group, investee of Sam Altman, has announced the launch of Meanwhile BTC Private Credit Fund LP, through its investment management company Meanwhile Advisors. The fund will convert the raised capital into Bitcoin and lend it to institutions with good credit ratings, aiming for a conservative yield of at least 5%. Additionally, the group’s insurance company has obtained permission from the Bermuda Monetary Authority to introduce Bitcoin-based insurance policies.
Sam Altman-backed Meanwhile launches Bitcoin hedge fund and insurance policy.