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Bitcoin Life Insurer Meanwhile Raises $37.5M as Wealthy Families Look to Pass On Their BTC

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Bitcoin Life Insurer Meanwhile Raises $37.5M as Wealthy Families Look to Pass On Their BTC

Bitcoin Magazine

Bitcoin Life Insurer Meanwhile Raises $37.5M as Wealthy Families Look to Pass On Their BTC

Meanwhile, the first life insurer licensed to operate entirely in Bitcoin, has raised $37.5 million in new funding from its existing investors, the company announced.

Bain Capital Crypto led the round, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. The raise brings Meanwhile’s total funding to more than $180 million. Sam Altman is also among its backers.

The company said the round follows a surge in demand for its Bitcoin life insurance policies outside the US, particularly in Asia, Europe and the Middle East, amid broader macroeconomic instability.

“Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on,” Zac Townsend, Meanwhile’s co-founder and CEO, said in a statement.  

“Brokers came to us because their clients kept asking. This round lets us keep up with them.”

In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy aimed at high-net-worth clients outside the US. It is the company’s second product line, after BTC 10-Pay, which is designed for US taxpayers.

Under BTC Life 1-Pay, a client pays one premium in Bitcoin and receives a guaranteed death benefit in Bitcoin for life. The policy’s value grows in Bitcoin, and after the first year the owner can borrow up to 90% of it, with no repayment schedule and no margin calls.

Policies can be owned by individuals, trusts or companies, which the company says makes them suited to succession and estate planning.


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