Author: Mathew Di Salvo
Compiled by Deep潮 TechFlow
Shenchao Summary: Meanwhile, a Bermuda-regulated, bitcoin-denominated life insurance company, has secured an additional $37.5 million in funding from existing shareholders, led by Bain Capital Crypto, bringing its total raised capital to over $180 million. The company states that demand for “compliant BTC inheritance” is surging among high-net-worth families outside the U.S., particularly in Asia, Europe, and the Middle East. Premiums and death benefits are settled in bitcoin, and the company projects its long-term underwriting income could more than double by 2026.
Meanwhile is the first life insurance company approved to operate entirely in Bitcoin. The company announced that it has raised an additional $37.5 million in new funding from existing investors.
This 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. This funding brings Meanwhile’s total raised to over $180 million. Sam Altman is also an investor.
The company stated that this funding round follows a surge in demand for its Bitcoin life insurance policies outside the United States—particularly in Asia, Europe, and the Middle East—amid broader macroeconomic instability.
“Wealthy families around the world already hold Bitcoin. What they’ve been missing is a regulated path for inheritance,” said Zac Townsend, co-founder and CEO of Meanwhile, in a statement.
The brokers came to us because clients kept asking. This round of funding helps us keep up with them.
In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life insurance product for high-net-worth clients outside the United States. This is the company’s second product line, following BTC 10-Pay, which targets U.S. taxpayers.
Under BTC Life 1-Pay, customers pay their premium once in Bitcoin and receive a lifelong guaranteed death benefit denominated in Bitcoin. The policy value grows in Bitcoin; after one year, the policyholder may borrow up to 90% of its value, with no fixed repayment schedule and no margin calls.
Policies can be held by individuals, trusts, or corporations, and the company states this makes them suitable for inheritance and estate planning.
Since its launch, Meanwhile has signed up 15 brokers serving affluent families across Singapore, Hong Kong, the UAE, and Switzerland. Partners include Lioner, an insurance, trust, and family office group with offices in Hong Kong, Singapore, and Zurich, as well as Apeiron Group, a market platform focused on high-net-worth life insurance.
“We are reaching a turning point: an increasing number of high-net-worth clients are no longer just asking how to hold Bitcoin and digital assets, but how to plan around them and ultimately pass this wealth on to the next generation,” said Justin Man, CEO of Apeiron Group.
Meanwhile, the company stated that its net long-term premium income has already exceeded the total for the entire previous year and is on track to more than double by 2026. The company did not disclose specific figures.
“Meanwhile is building every layer of a regulated life insurance company, while operating like an AI-driven startup,” said Stefan Cohen, partner at Bain Capital Crypto. “This year’s growth validates this model, and we’re excited to support them again.”
The company’s operating entity, Meanwhile Insurance Bitcoin (Bermuda) Limited, holds the first IILT license issued by the Bermuda Monetary Authority. It received this license in July 2024 after spending two years in the regulatory sandbox.
The insurer's balance sheet, reserves, and audited financial statements are all denominated in Bitcoin. Policyholders' Bitcoin is held in custody by regulated custodians.