In a Bain Capital Crypto-led round, Meanwhile secured $37.5 million as the bitcoin life insurer expands outside the U.S.
The financing takes Meanwhile's reported funding above $180 million and supports a business whose premiums, reserves and death benefits are denominated in bitcoin. Its early broker network covers Singapore, Hong Kong, the UAE and Switzerland, bringing the expansion into the wealth-transfer plans of internationally connected families.
Meanwhile said existing investors including Haun Ventures, Framework Ventures, Pantera Capital and Apollo joined the latest round. The company is based in Bermuda and is backed by Sam Altman.
A Bermuda insurer built around bitcoin
Meanwhile operates under a Bermuda Monetary Authority insurance licence. It completed a two-year stay in the regulator's sandbox and received its Class IILT licence in July 2024.
Earlier this year, the company launched BTC Life 1-Pay for clients outside the U.S. with high net worth. The whole life policy calls for one premium in bitcoin and guarantees a death benefit in the same cryptocurrency.
That design makes the product different from conventional life insurance priced in traditional currencies. It also places the policy closer to a succession and wealth-transfer instrument for bitcoin holders than to ordinary protection alone.
After the first year, policyholders may borrow up to 90% of the policy's value without a repayment schedule or margin calls. Meanwhile's earlier BTC 10-Pay product was developed specifically for U.S. taxpayers.
Meanwhile's two bitcoin policies
BTC Life 1-Pay
Outside the U.S.
Single bitcoin premium
- Guaranteed death benefit in bitcoin
- Borrowing feature after the first year
BTC 10-Pay
U.S. taxpayers
Earlier product
- Developed specifically for U.S. taxpayers
Meanwhile keeps its balance sheet, reserves and audited financial statements in bitcoin. Regulated institutional custodians hold policyholder funds.
The company said in audited figures released in April that total assets stood at 1,183 BTC at the end of 2025, an increase of more than fivefold from a year earlier. Statutory capital and surplus stood at 759 BTC.
Reporting in bitcoin aligns the insurer's financial records with a policy that takes premiums and pays benefits in the cryptocurrency. It also means the business operates directly within bitcoin's financial framework, rather than merely offering a policy linked to its price.
Brokers are driving the overseas push
Since launching the overseas policy, Meanwhile has signed 15 brokers serving wealthy families. Among its partners is Lioner, an insurance and wealth management group with offices in Zurich, Hong Kong and Singapore. Apeiron Group is another partner and operates a marketplace for high-net-worth life insurance.
Wealthy families around the world already hold bitcoin. What they haven't had is a regulated way to pass it on
Brokers came to us because their clients kept asking. This round lets us keep up with them.
The broker model gives Meanwhile a route into markets where wealthy clients may hold digital assets across borders. Lioner's reach includes Hong Kong and Singapore, while its Zurich office and Apeiron's marketplace add other channels to the wealth-management network.
As Bitcoin and other digital assets become part of the wealth landscape, high-net-worth individuals with international interests and ties are thinking more broadly about how they manage wealth for the future
We're reaching a turning point where more high-net-worth clients are asking not just how to hold bitcoin and digital assets, but how to plan around them and ultimately transfer that wealth to the next generation
Funding and growth remain partly undisclosed
Meanwhile completed a $40 million Series A in April 2025. The new round follows an October 2025 financing of $82 million that Bain Capital Crypto and Haun Ventures co-led.
- July 2024Bermuda licence
Meanwhile received its Class IILT licence after two years in the regulator's sandbox.
- April 2025Series A
The company closed a $40 million Series A.
- October 2025Earlier financing
Meanwhile raised $82 million in a round co-led by Bain Capital Crypto and Haun Ventures.
- End of 2025Audited figures
Meanwhile reported 1,183 BTC in total assets and 759 BTC in statutory capital and surplus.
The funding history points to continued investor support, but the disclosed totals are not identical across the accounts. One source describes cumulative funding as more than $180 million, while another gives the total as $180 million.
Meanwhile said net long-term underwriting income has already surpassed last year's total and is on course to be more than twice that amount in 2026. The company did not provide the absolute income figure, so the scale of that growth cannot be measured from the disclosed data.
Meanwhile owns every layer of a regulated life insurer and builds it like an AI-enabled startup
Cohen also said, "The growth this year proves the model." The statement reflects the investor's view of Meanwhile's operating progress rather than a disclosed measure of profitability or valuation.
The company has not disclosed its valuation in the new round. It has also not disclosed financing terms beyond the lead investor and the participating investors.
The next stated direction is further expansion outside the U.S. through brokers and wealth-management partners.
