Digital Insurance Platform Metromile Purchases $1 Million In Bitcoin

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The digital pay-per-mile auto insurance firm Metromile purchased $1 million worth of bitcoin in June 2021. In May the company announced it would soon implement a Bitcoin payment solution on its platform for eligible insurance claims, and that it would purchase additional Bitcoin.

This development would make Metromile the first insurance company to both accept premiums and pay claims in bitcoin. While the firm announced it would purchase an additional $10 million of bitcoin in Q2 to facilitate making insurance payouts in bitcoin, there has been no public indication that they have done so yet.


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