Meanwhile, the first life insurer fully operating in Bitcoin, has secured $37.5 million in new funding from existing investors. The round was led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. This brings the company’s total funding to over $180 million, with Sam Altman among its backers.
The funding round follows a surge in demand for Meanwhile’s Bitcoin life insurance policies outside the U.S., particularly in Asia, Europe, and the Middle East. The company’s co-founder and CEO, Zac Townsend, noted that wealthy families holding Bitcoin lacked a regulated way to pass it on. The new capital will help Meanwhile meet this growing demand.
In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy for high-net-worth clients outside the U.S. This is the company’s second product line after BTC 10-Pay, designed for U.S. taxpayers. Under BTC Life 1-Pay, clients pay one premium in Bitcoin and receive a guaranteed death benefit in Bitcoin, which grows over time. After the first year, policyholders can borrow up to 90% of the policy’s value without a repayment schedule or margin calls.
Since its launch, Meanwhile has signed 15 brokers serving wealthy families in Singapore, Hong Kong, the UAE, and Switzerland. Partners include Lioner and Apeiron Group, a marketplace for high-net-worth life insurance. The company’s net long-term underwriting income has already surpassed last year’s total and is on track to more than double in 2026.
Meanwhile operates under a Class IILT license granted by the Bermuda Monetary Authority in July 2024. The insurer’s balance sheet, reserves, and audited financial statements are all denominated in Bitcoin, with policyholder Bitcoin held with regulated institutional custodians.