Meanwhile, a life insurer licensed to function fully in Bitcoin, introduced $37.5 million in new funding from present buyers.
Bermuda-based Meanwhile, whose backers embody OpenAI CEO Sam Altman, has now raised more than $180 million.
Bain Capital Crypto led the brand new spherical, alongside Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital, it mentioned in a statement.
The spherical follows elevated worldwide demand for Meanwhile’s Bitcoin life insurance coverage insurance policies, notably in Asia, Europe and the Center East, amid broader macro instability, in line with the assertion on Thursday.
“Rich households all over the world already maintain Bitcoin. What they haven’t had is a regulated solution to go it on,” Zac Townsend, Meanwhile’s co-founder and CEO, mentioned within the assertion. “Brokers got here to us as a result of their purchasers stored asking. This spherical lets us sustain with them.”
Passing Bitcoin to the subsequent era
In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium entire life coverage constructed for high-net-worth purchasers exterior america. It’s the firm’s second product line after BTC 10-Pay, which is designed for US taxpayers.
Insurance policies might be owned by people, trusts or corporations, which makes them a match for succession and property planning, the corporate mentioned.
Internet long-term underwriting earnings has already handed final 12 months’s complete and is on observe to more than double in 2026, the corporate added, with out revealing exact figures.
Cointelegraph reported in June that WTW, a worldwide insurance coverage dealer and danger advisory firm, had acquired crypto insurance coverage platform Redefind and launched a digital asset safety service that covers bills associated to forensic investigations, asset tracing and authorized restoration efforts following theft or loss.
Redefind is a crypto insurance coverage platform that enables people and establishments to buy protection for digital property held throughout totally different custody preparations. The corporate mentioned its system makes use of cryptographic proof of possession to confirm insured property.
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