Meanwhile secures $37.5m as Bitcoin life insurance gains ground

Bermuda-based Bitcoin life insurer Meanwhile has secured $37.5 million in fresh funding from existing investors, taking its total capital raised to more than $180 million as it targets further international expansion.

The funding round was led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. The company’s backers also include OpenAI chief executive Sam Altman.

The investment follows increased demand for Meanwhile’s Bitcoin-denominated life insurance products, particularly among high-net-worth clients in Asia, Europe and the Middle East.

Earlier this year, the insurer launched BTC Life 1-Pay, a single-premium whole life insurance product designed for clients outside the US. The policy allows customers to pay a single premium in Bitcoin in return for a guaranteed death benefit denominated in the cryptocurrency.

The product also allows policyholders to borrow against up to 90% of the policy’s value after the first year, without a repayment schedule or margin calls.

Meanwhile said it has signed agreements with 15 brokers serving wealthy families since launch, including intermediaries operating in Singapore, Hong Kong, the UAE and Switzerland.

Zac Townsend, co-founder and CEO of Meanwhile, said: “Wealthy families around the world already hold Bitcoin. What they haven't had is a regulated way to pass it on.

“Brokers came to us because their clients kept asking. This round lets us keep up with them.”

The company said its net long-term underwriting income has already exceeded its total for 2025 and is on track to more than double this year.

Stefan Cohen, partner at Bain Capital Crypto, said: “Meanwhile owns every layer of a regulated life insurer and builds it like an AI-enabled startup. The growth this year proves the model, and we’re glad to back them again.”

The insurer operates with its balance sheet, reserves and audited financial statements denominated entirely in Bitcoin, while policyholder assets are held with regulated institutional custodians.

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