Sam Altman-backed Bitcoin life insurer Meanwhile has secured $37.5 million in fresh funding led by Bain Capital Crypto, bringing its total capital raised above $180 million as the company expands its insurance business across international markets.
Summary
- Meanwhile raised $37.5 million from existing investors led by Bain Capital Crypto on October 8.
- The round brought total funding above $180 million, with backing from several major investment firms.
- Meanwhile has signed 15 brokers serving wealthy clients across Asia, Europe and Middle East markets.
- BTC Life 1-Pay requires one Bitcoin premium and provides a guaranteed Bitcoin death benefit thereafter.
- Bermuda’s regulator licensed Meanwhile in July 2024 following its participation in the insurance regulatory sandbox.
Meanwhile announced the investment on October 8, confirming participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. The Bermuda-based insurer said the financing follows increased demand for its Bitcoin-denominated life insurance policies among wealthy families in Asia, Europe and the Middle East.
The company has signed 15 insurance brokers serving wealthy clients across international financial centers, including Switzerland, Singapore, Hong Kong and the United Arab Emirates.
Meanwhile raises $37.5 million to expand Bitcoin insurance
The latest funding comes from existing investors, with Bain Capital Crypto returning as the lead investor after supporting the company’s previous financing rounds.
Meanwhile raised $82 million in October 2025 in a round jointly led by Bain Capital Crypto and Haun Ventures. The investment followed a $40 million Series A completed in April that year, when Framework Ventures and Fulgur Ventures backed the insurer’s international expansion.
The company’s earlier $40 million Bitcoin insurance funding supported plans to expand access to Bitcoin-based insurance, savings and related financial products.
The October 2025 round brought its funding during that year to approximately $122 million. With the latest $37.5 million investment and previous seed financing, Meanwhile has now raised more than $180 million since its founding.
OpenAI CEO Sam Altman is among the company’s earlier backers, having participated in its initial funding. The October 8 announcement did not identify him as a participant in the latest round.
Meanwhile co-founder and CEO Zac Townsend said the company had been receiving requests from brokers whose clients wanted insurance products that could help transfer Bitcoin holdings to family members.
“Brokers came to us because their clients kept asking,” Townsend said, explaining the company’s decision to expand its international distribution network.
The insurer expects the new funding to support its operations as it develops relationships with financial advisers and insurance intermediaries serving wealthy clients outside the United States.
Bain Capital Crypto partner Stefan Cohen described the company’s combination of traditional insurance operations and technology-focused development as a reason for renewing the investment.
According to Cohen, Meanwhile’s performance during 2026 supported the investor’s decision to provide additional capital. The company has not disclosed a specific revenue figure or valuation in its official funding announcement.
Bitcoin life insurance allows customers to pay one premium
Meanwhile’s international expansion centers on BTC Life 1-Pay, a whole life insurance product introduced in early 2026 for wealthy customers living outside the U.S.
Unlike conventional policies that require repeated payments, BTC Life 1-Pay allows customers to purchase coverage through a single Bitcoin premium. In return, the insurer provides a guaranteed death benefit denominated in BTC.
The policy’s value grows in Bitcoin, with customers able to borrow against its value after the first year. According to the company’s product description, owners can borrow up to 90% of the policy value without a fixed repayment schedule or margin calls.
The insurance arrangement can be held by individuals, trusts or companies. Meanwhile said the structure is designed for inheritance planning and managing wealth held in Bitcoin.
Because the policy is denominated in BTC, the guaranteed benefit is expressed in Bitcoin units. Its value in U.S. dollars can still change as the cryptocurrency’s market price moves.
The company offers another product called BTC 10-Pay, which is designed for U.S. taxpayers. Unlike the single-premium international offering, the product allows premiums to be paid over ten years.
Meanwhile operates both products through a regulated insurance structure that receives premiums and pays policy benefits in Bitcoin. Its financial reserves and audited statements are maintained in the same cryptocurrency.
The company’s initial Bitcoin-denominated insurance offering attracted venture capital investment from Sam Altman and Bitwise CEO Hunter Horsley during its earlier financing.
Meanwhile has not disclosed how many BTC Life 1-Pay policies have been sold or the total Bitcoin value of premiums received through the product.
Meanwhile signs 15 brokers across international markets
Since introducing BTC Life 1-Pay, Meanwhile has signed agreements with 15 brokers serving wealthy families across Asia, Europe and the Middle East.
Among the partners is Lioner, an insurance, trust and family office services provider with operations in Hong Kong, Singapore and Zurich. Apeiron Group, a marketplace specializing in life insurance for wealthy clients, has joined the company’s distribution network.
Lioner partner Giorgio Jeni said clients with international investments were increasingly considering how digital assets fit into long-term wealth management.
Speaking about the demand, Jeni said “Transparency, sound governance and strong regulation will remain important as new solutions emerge.”
Apeiron Group CEO Justin Man pointed to growing interest among wealthy clients in transferring digital assets to future generations.
“We’re reaching a turning point where more high-net-worth clients are asking not just how to hold Bitcoin and digital assets, but how to plan around them,” Man said.
Meanwhile said the new broker agreements followed increased interest in Bitcoin-based wealth planning products. However, the company has not disclosed the number of customers introduced through each partnership.
Its financial performance has improved during the expansion. According to the insurer, net long-term underwriting income for 2026 has already exceeded the total recorded throughout 2025.
The company expects that measure to more than double by the end of this year, although the forecast remains dependent on its insurance business performance over the remaining months.
Bermuda regulator licensed Meanwhile in July 2024
Meanwhile operates through Meanwhile Insurance Bitcoin (Bermuda) Limited, which received a Class IILT insurance license from the Bermuda Monetary Authority (BMA) in July 2024.
The company spent approximately two years in the regulator’s insurance innovation sandbox before obtaining authorization to operate as a long-term insurer.
The BMA’s official register confirms that Meanwhile received its Class IILT license on July 25, 2024. The classification permits the company to provide long-term insurance products within the conditions of its authorization.
According to Meanwhile, its financial statements, reserves and balance sheet are denominated entirely in Bitcoin, while customer holdings are kept with regulated institutional custodians.
The insurer is authorized to transact long-term insurance business with sophisticated persons under Bermuda’s regulatory framework. Product availability remains subject to local rules, and policies may be distributed only through appropriately licensed intermediaries where permitted.
Meanwhile has identified Singapore, Hong Kong, Switzerland and the UAE among the markets supported by its new broker relationships. The company has not announced additional regulatory licenses or provided a timetable for entering other jurisdictions.
