Meanwhile, a Bitcoin life insurance company backed early by Sam Altman, has raised $37.5 million in new funding, led by Bain Capital Crypto. With the company expanding its insurance offerings internationally, its total funding has now exceeded $180 million.
- Meanwhile announced on October 8 that it raised $37.5 million from existing investors, led by Bain Capital Crypto.
- Following this round of financing, the company’s total accumulated funding has exceeded $180 million, with support from multiple major investment institutions.
- Meanwhile, 15 insurance brokerage firms have been signed up to serve high-net-worth clients in Asia, Europe, and the Middle East.
- BTC Life 1-Pay requires customers to pay a one-time premium of 1 Bitcoin, after which it provides a guaranteed death benefit denominated in Bitcoin.
- After participating in the insurance regulatory sandbox, Bermuda’s regulatory authority issued a license to Meanwhile in July 2024.
Meanwhile announced the investment on October 8 and confirmed participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. The Bermuda-based insurer stated that this funding round followed increased demand from wealthy families in Asia, Europe, and the Middle East for bitcoin-denominated life insurance policies.
The company has signed agreements with 15 insurance brokerage firms that serve high-net-worth clients in international financial centers, including Switzerland, Singapore, Hong Kong, and the UAE.
Meanwhile, raised $37.5 million to expand Bitcoin insurance services.
The latest funding round was led by Bain Capital Crypto, which previously participated in the company’s earlier financing rounds, alongside existing investors.
Meanwhile raised $82 million in funding in October 2025, led jointly by Bain Capital Crypto and Haun Ventures. Earlier that year in April, the company completed a $40 million Series A round, supported by Framework Ventures and Fulgur Ventures to fuel its international expansion.
Previously, the company raised $40 million in Bitcoin insurance financing to expand access to Bitcoin insurance, savings, and related financial products.
The 2025 October funding round brought its total funding for the year to approximately $122 million. Including the latest $37.5 million investment and earlier seed funding, Meanwhile has raised over $180 million since its inception.
Sam Altman, CEO of OpenAI, is one of the company's early supporters and participated in its initial funding round. However, the announcement on October 8 did not list him as a participant in this round.
Meanwhile, co-founder and CEO Zac Townsend said the company has been receiving feedback from brokers whose clients are seeking insurance products that can help them pass on their Bitcoin holdings to their families.
Townsend said, “Brokers came to us because their clients kept asking.” He used this to explain the company’s decision to expand its international distribution network.
The insurance company expects that the new funding will support its operations and help it establish relationships with financial advisors and insurance intermediaries outside the U.S. that serve high-net-worth clients.
Stefan Cohen, partner at Bain Capital Crypto, said that the company’s integration of traditional insurance operations with technology-driven development was one of the reasons for its additional investment.
Cohen said that Meanwhile's performance in 2026 supported the investors' decision to inject additional capital. The company did not disclose specific revenue figures or valuation in its official funding announcement.
Bitcoin term life insurance allows customers to pay premiums in a single lump sum.
Meanwhile, the international expansion focuses on BTC Life 1-Pay, a whole life insurance product targeted at affluent clients residing outside the United States, set to launch in early 2026.
Unlike traditional policies that require recurring premium payments, BTC Life 1-Pay allows customers to purchase coverage with a one-time payment of Bitcoin premiums. In return, the insurer provides a guaranteed death benefit denominated in BTC.
The policy's value grows with Bitcoin, and after the first year, policyholders can borrow against the policy's value. According to the company’s product description, policyholders may borrow up to 90% of the policy's value, with no fixed repayment schedule and no margin calls.
This insurance arrangement can be held by an individual, trust, or corporation. Meanwhile, it is designed for estate planning and managing wealth held in Bitcoin.
Since the policy is denominated in BTC, the guaranteed payout is also expressed in Bitcoin units. However, its USD value may still fluctuate due to changes in the market price of this cryptocurrency.
The company also offers another product called BTC 10-Pay, designed for U.S. taxpayers. Unlike the international version, which requires a one-time premium payment, this product allows premiums to be paid in installments over 10 years.
Meanwhile, these two products operate through a regulated insurance framework in which premiums are collected and claims paid out in Bitcoin, and financial reserves and audited financial statements are also maintained in the same cryptocurrency.
The company's initially launched Bitcoin-denominated insurance product attracted venture capital from individuals such as Sam Altman and Hunter Horsley, CEO of Bitwise.
Meanwhile, the number of policies sold for BTC Life 1-Pay has not been disclosed, nor has the total Bitcoin value of premiums received for this product.
Meanwhile, signed 15 brokerage firms in the international market.
Since launching BTC Life 1-Pay, Meanwhile has signed agreements with 15 brokerages serving affluent families in Asia, Europe, and the Middle East.
One of the partners is Lioner, an insurance, trust, and family office services provider operating in Hong Kong, Singapore, and Zurich. Apeiron Group, which specializes in the high-net-worth life insurance market, has also joined the company’s distribution network.
Lioner partner Giorgio Jeni said that clients with international investments are increasingly considering how digital assets can be integrated into long-term wealth management.
When discussing demand, Jeni said: “As new solutions continue to emerge, transparency, sound governance, and strong regulation will remain essential.”
Justin Man, CEO of Apeiron Group, noted that high-net-worth clients are showing increasing interest in bequeathing digital assets to the next generation.
Man said: “We are reaching a turning point where 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 these assets.”
Meanwhile, the company stated that these new brokerage agreements were reached following increased market interest in Bitcoin-based wealth planning products. However, the company did not disclose how many customers each partner brought in.
Its financial performance also improved during the expansion period. According to the insurance company, the long-term net underwriting income for 2026 has already surpassed the full-year 2025 level.
The company expects this metric to more than double by the end of this year compared to 2025 levels, although this forecast still depends on the actual performance of the insurance business over the coming months.
The Bermuda regulatory authority issued a license to Meanwhile in July 2024.
Meanwhile conducts business through Meanwhile Insurance Bitcoin (Bermuda) Limited, which was granted a Class IILT insurance license by the Bermuda Monetary Authority (BMA) in July 2024.
Before obtaining authorization to operate long-term insurance business, the company operated for approximately two years within the regulatory authority’s insurance innovation sandbox.
BMA official registration information confirms that Meanwhile received a Class IILT license on July 25, 2024. This classification permits the company to offer long-term insurance products within the scope of authorized conditions.
According to Meanwhile, its financial statements, reserves, and balance sheet are all denominated in Bitcoin, and customer-held assets are safeguarded by regulated, institutional-grade custodians.
Under Bermuda’s regulatory framework, this insurer is authorized to offer long-term insurance products to “sophisticated investors.” Product availability remains subject to local regulations, and policies may only be distributed through licensed intermediaries in permitted jurisdictions.
Meanwhile, the markets supported by the new brokerage partnership are listed as Singapore, Hong Kong, Switzerland, and the UAE. The company has not announced additional regulatory licenses nor provided a timeline for entering other jurisdictions.