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Meanwhile, which claims to be the first licensed life insurance company fully operable in Bitcoin, recently raised $37.5 million from existing investors, led by Bain Capital Crypto, bringing its total funding to over $180 million.
This funding round follows the company’s record-breaking year, driven by growth from BTC Life 1-Pay, a single-premium insurance product targeting high-net-worth clients overseas.
The company has received support from Sam Altman and has been licensed to operate in Bermuda since 2024.
Meanwhile is a life insurance company that operates entirely on Bitcoin and has raised $37.5 million as demand grows among wealthy overseas families for its unusual policies.
The Bermuda-based insurer said on Thursday that this funding round came from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.
Meanwhile, supporters of Meme include Sam Altman, CEO of OpenAI. To date, the company has raised over $180 million in funding.
The company claims to be the first licensed life insurer that can operate entirely in Bitcoin, with its balance sheet, reserves, and audited financial statements all denominated in this cryptocurrency. It states that, after two years of testing in a regulatory sandbox, it received the first-of-its-kind license from the Bermuda Monetary Authority in July 2024, and all policyholders’ Bitcoin is held by a regulated institutional custodian.
This funding round followed what Meanwhile called a record-breaking year, with growth driven by international demand. The company stated that in early 2026, it launched BTC Life 1-Pay, a single-premium whole life insurance product targeted at high-net-worth clients outside the United States, becoming its second product after the 10-pay version designed for U.S. taxpayers.
Under this single-premium policy, the client pays once in Bitcoin and receives a guaranteed death benefit denominated in Bitcoin for life; the policy value grows with Bitcoin, and after the first year, the policyholder can borrow up to 90% of the policy value without requiring a repayment plan or additional margin.
Meanwhile stated that since its launch, it has signed up 15 brokers, including those from insurance hubs such as Singapore, Hong Kong, the UAE, and Switzerland, and noted that its net long-term premium income has already exceeded last year’s full-year total.
“Global wealthy families already hold Bitcoin. What they lack is a regulated method of inheritance,” said Zac Townsend, co-founder and CEO of Meanwhile.
This round of funding reflects a broader trend: Bitcoin is being integrated into traditional financial products. Last year, Delaware Life partnered with BlackRock to offer Bitcoin exposure through fixed index annuities, demonstrating that insurers are increasingly experimenting with combining this volatile asset with long-term planning tools.