Meanwhile, a life insurer licensed to operate entirely in Bitcoin, announced a $37.5 million funding round led by Bain Capital Crypto. The raise brings the company's total funding to more than $180 million.
Other investors in the round include Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. Sam Altman is also among the company's backers.
Growing International Demand
The funding follows increased demand for Meanwhile's 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 haven't had is a regulated way to pass it on," said Zac Townsend, Meanwhile's co-founder and CEO.
Product Offerings
In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy targeted at high-net-worth clients outside the US. The product allows clients to pay one premium in Bitcoin and receive a guaranteed death benefit in Bitcoin for life. The policy's value grows in Bitcoin, and after the first year, owners can borrow up to 90% of it with no repayment schedule or margin calls.
Policies can be owned by individuals, trusts, or companies, making them suitable for succession and estate planning.
The company's first product, BTC 10-Pay, is designed for US taxpayers.
Broker Network and Partnerships
Since the launch of BTC Life 1-Pay, Meanwhile has signed 15 brokers serving wealthy families in Singapore, Hong Kong, the UAE, and Switzerland. Partners include Lioner, an insurance, trust, and family office group, and Apeiron Group, a marketplace for high-net-worth life insurance.
"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 and ultimately transfer that wealth to the next generation," said Justin Man, CEO of Apeiron Group.
Financial Performance and Regulation
Meanwhile reported that its net long-term underwriting income has already exceeded last year's total and is on track to more than double in 2026, though the company did not disclose specific figures.
Meanwhile Insurance Bitcoin (Bermuda) Limited, the company's operating entity, holds the first Class IILT license granted by the Bermuda Monetary Authority. The company received the license in July 2024 after two years in the regulator's sandbox.
The insurer's balance sheet, reserves, and audited financial statements are all denominated in Bitcoin. Policyholder Bitcoin is held with regulated institutional custodians.
