Bitcoin
Bitcoin-focused life insurance company Meanwhile has raised $37.5 million in new funding as demand grows for financial products built around Bitcoin-based wealth management. The investment round was led by Bain Capital Crypto, with participation from existing investors including Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.
The latest funding brings Meanwhile’s total investment raised to more than $180 million. The Bermuda-based company, which counts Sam Altman among its supporters, previously completed an $82 million funding round in October 2025 and a $40 million round in April 2025.
Meanwhile operates life insurance products where premiums, coverage calculations, and company reserves are structured around Bitcoin. According to audited data released in April, the company held 1,183 BTC in assets at the end of 2025, representing more than five times growth compared with the previous year. Its legal capital and excess assets totaled 759 BTC.
The company’s flagship BTC Life 1-Pay product is designed for high-net-worth clients outside the United States. Policyholders make a single Bitcoin payment for coverage, while death benefits are also calculated in Bitcoin. After the first year, customers can borrow up to 90% of their policy value without fixed repayment schedules or margin calls, according to the company.
The product reflects a broader effort to create financial services that allow Bitcoin holders to preserve digital asset exposure while planning for inheritance and long-term wealth transfer. Instead of selling Bitcoin holdings to access traditional insurance structures, policyholders can maintain exposure to the asset throughout the insurance process.
Meanwhile has expanded partnerships with 15 insurance brokers serving wealthy clients across regions including Singapore, Hong Kong, the United Arab Emirates, and Switzerland. The company received an insurance license from the Monetary Authority of Bermuda in 2024 and states that policyholder assets are held through regulated institutional custodians.
The model also introduces risks that differ from traditional life insurance. Because premiums and benefits are denominated in Bitcoin, changes in BTC prices can significantly affect their value when measured against fiat currencies. This creates additional volatility exposure for policyholders compared with conventional insurance products.
The latest investment highlights growing institutional interest in Bitcoin-based financial infrastructure beyond trading and investment products. The next focus will be whether specialized Bitcoin financial services can gain broader adoption among wealthy clients while managing the volatility and regulatory challenges associated with digital assets.
