“Meanwhile,” which is the first life insurer licensed to operate solely in Bitcoin, has announced the acquisition of $37.5 million in new funding from its existing investors.
The funding round was led by Bain Capital Crypto, with participation from notable investors including Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. This latest investment raises Meanwhile’s total funding to over $180 million, with Sam Altman also identified as a key backer.
The company highlighted that this funding round follows a significant increase in demand for its Bitcoin life insurance policies, especially outside the United States, in regions such as Asia, Europe, and the Middle East, amid ongoing macroeconomic instability.
According to Zac Townsend, the co-founder and CEO of Meanwhile, “Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on.”
He remarked, “Brokers came to us because their clients kept asking. This round enables us to keep pace with their needs.”
In early 2026, Meanwhile introduced BTC Life 1-Pay, a single-premium whole life policy tailored for high-net-worth clients outside the US. This product represents the company’s second offering, following the BTC 10-Pay policy, which is aimed at US taxpayers.
Under the BTC Life 1-Pay policy, a client pays a single premium in Bitcoin and receives a guaranteed death benefit in Bitcoin for life. The policy’s value appreciates in Bitcoin, and after the first year, the policyholder may borrow up to 90% of the policy’s value, without a repayment schedule and without margin calls.
These policies can be held by individuals, trusts, or corporations, and the company asserts that they are particularly well-suited for succession and estate planning.
Since its launch, Meanwhile has partnered with 15 brokers supporting wealthy families, including those based in Singapore, Hong Kong, the UAE, and Switzerland. Notable partners include Lioner, a group specializing in insurance, trusts, and family offices with locations in Hong Kong, Singapore, and Zurich, as well as the Apeiron Group, a marketplace focusing on high-net-worth life insurance.
Justin Man, CEO of Apeiron Group, stated, “We are at a turning point where more high-net-worth clients are inquiring not only about how to hold Bitcoin and other digital assets but also how to strategically plan for them and ultimately transfer that wealth to the next generation.”
Meanwhile has reported that its net long-term underwriting income has already surpassed last year’s totals and is projected to more than double in 2026, although specific figures have not been disclosed.
Stefan Cohen, a partner at Bain Capital Crypto, commented, “Meanwhile owns every layer of a regulated life insurer and operates it like an AI-enabled startup. The growth witnessed this year reinforces the model, and we are pleased to support them once again.”
The company’s operating entity, Meanwhile Insurance Bitcoin (Bermuda) Limited, has obtained the first Class IILT license issued by the Bermuda Monetary Authority, receiving the license in July 2024 after two years spent in the regulatory sandbox.
The insurer’s balance sheet, reserves, and audited financial statements are all denominated in Bitcoin, with policyholder Bitcoin held by regulated institutional custodians.
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