Bitcoin

<h2 id="header-0">Key Facts</h2>
<ul>
 <li>Meanwhile, a Bermuda-based life insurer that operates in Bitcoin, said on Thursday it raised $37.5 million in new funding from existing investors in a round led by Bain Capital Crypto.</li>
 <li>The round takes Sam Altman-backed Meanwhile's total capital raised to more than $180 million, the company said.</li>
 <li>Meanwhile said it has signed 15 brokers serving wealthy families, including in Singapore, Hong Kong, the UAE and Switzerland.</li>
</ul>
Meanwhile, a life insurer whose policies are paid for and paid out in Bitcoin (<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/">BTC</a>), has raised $37.5 million from existing investors in a round led by Bain Capital Crypto, the company said on Thursday.
The round takes Meanwhile's total funding past $180 million as it expands Bitcoin-denominated life insurance to wealthy families in Asia, Europe and the Middle East.
"This investment will help us expand Bitcoin-denominated life insurance to families across Asia, Europe, and the Middle East," the company <a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/meanwhile/status/2108252790451826702">wrote</a> on X.<tweet-embed url="https://x.com/meanwhile/status/2108252790451826702"></tweet-embed>
Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital also took part, according to the <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businesswire.com/news/home/20261008514088/en/Sam-Altman-Backed-Meanwhile-Raises-37.5M-as-Families-Across-Asia-Europe-and-the-Middle-East-Turn-to-Bitcoin-Life-Insurance/">announcement</a>. Sam Altman is also among the company's backers.
"Wealthy families around the world already hold Bitcoin. What they haven't had is a regulated way to pass it on," co-founder and CEO Zac Townsend said.
<h2 id="header-1">How Meanwhile's Bitcoin Life Insurance Policies Work</h2>
Meanwhile's policies keep the whole transaction in Bitcoin. Its subsidiary, Meanwhile Insurance Bitcoin (Bermuda) Limited, holds a Class IILT license from the Bermuda Monetary Authority, granted in July 2024 after two years in the regulator's sandbox.
Under its BTC Life 1-Pay policy for clients outside the US, a client pays a single premium in Bitcoin for a guaranteed Bitcoin death benefit. After the first year, the owner can borrow up to 90% of the policy's value with no repayment schedule and no <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/margin-call">margin calls</a>, according to the release.
A separate product, BTC 10-Pay, is designed for US taxpayers. Policyholder Bitcoin is held with regulated institutional <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/custodian">custodians</a>, and Meanwhile's balance sheet, reserves and audited financial statements are denominated in Bitcoin.
The company said it has signed 15 brokers, including firms in Singapore, Hong Kong, the UAE and Switzerland. Its net long-term underwriting income has already exceeded last year's total and is on track to more than double in 2026, Meanwhile said.
"Meanwhile owns every layer of a regulated life insurer and builds it like an AI-enabled startup," said Stefan Cohen, a partner at Bain Capital Crypto.
Bitcoin traded around $81,430 at the time of writing, down about 2.2% over 24 hours, according to CoinMarketCap data.
Read More:&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/how-crypto-evolved-2026-wallets-stablecoins-stocks-ai">How Crypto Evolved in 2026: Wallets, Stablecoins, Stocks and AI</a>

Sam Altman-backed Bitcoin Life Insurer Meanwhile Raises $37.5M

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