Sam Altman Early Bitcoin Life Insurance Company Meanwhile Has secured $37.5 million in new financing, with Bain Capital Crypto leading the round of investment. As the company expands its insurance business in international markets, its total cumulative financing has exceeded $180 million.
- Meanwhile announced on October 8th that it had raised $37.5 million from existing investors, with Bain Capital Crypto leading the investment.
- After this round of financing, the company's total cumulative financing has exceeded $180 million, with support from several major investment institutions.
- Meanwhile has signed agreements with 15 insurance brokerage firms, serving high-net-worth clients in Asia, Europe, and the Middle East markets.
- BTC Life 1- Pay Requires customers to pay a one-time premium of 1 Bitcoin, after which a guaranteed death benefit is provided in Bitcoin.
- After participating in the insurance regulatory sandbox, Bermuda's regulatory authorities issued a license to Meanwhile in July 2024.
Meanwhile announced this investment on October 8th and confirmed that Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital were involved in it. The Bermuda-based insurance company stated that this financing was completed following an increase in demand from wealthy families in Asia, Europe, and the Middle East for life insurance policies denominated in Bitcoin.
The company has signed agreements with 15 insurance brokerage firms that serve high-net-worth clients in international financial centers, including those in Switzerland, Singapore, Hong Kong, and the United Arab Emirates.
Meanwhile Raises $37.5 million to expand its Bitcoin insurance business
The latest round of financing came from existing investors, and Bain Capital Crypto once again served as the lead investor after supporting the company in previous funding rounds.
Meanwhile raised $82 million in financing in October 2025, with Bain Capital Crypto and Haun Ventures leading the investment. Prior to that, in April of the same year, the company completed a $40 million Series A financing round, with Framework Ventures and Fulgur Ventures supporting its international expansion.
The company previously raised $40 million in Bitcoin insurance financing to expand the availability of Bitcoin insurance, savings, and related financial products.
The round of financing in October 2025 brought the total financing for that year to approximately $122 million. Together with the latest investment of $37.5 million and earlier seed funding rounds, Meanwhile has raised over $180 million in total since its establishment.
OpenAI The Chief Executive Officer, Sam Altman, was one of the company's early supporters and participated in its initial financing. However, the announcement on October 8th did not list him as a participant in this round of financing.
Meanwhile, co-founder and CEO, stated that the company has been receiving feedback from brokers whose clients are in need of insurance products that would help them transfer their Bitcoin holdings to their families. Zac Townsend
Townsend said, "Brokers approached us because their clients have been asking for it." He used this to explain the company's decision to expand its international distribution network.
The insurance company expects that the new financing will support its operations and help it establish relationships with financial advisors and insurance intermediaries that serve high-net-worth clients outside of the United States.
Bain Capital Crypto Partner Stefan Cohen stated that combining traditional insurance operations with technology-driven development is one of the reasons for their additional investment.
Cohen said that Meanwhile's performance in 2026 supported the investors' decision to inject additional capital. The company did not disclose specific revenue figures or valuation in its official financing announcement.
Bitcoin life insurance allows customers to pay the premium in a lump sum.
The international expansion of Meanwhile focuses on BTC Life to Pay. This is a lifetime life insurance product aimed at wealthy clients residing outside of the United States, and it was launched at the beginning of 2026.
Unlike traditional insurance policies that require repeated payments, BTC Life to Pay allow customers to purchase coverage by making a one-time payment in Bitcoin premiums. In exchange, the insurance company provides a guaranteed death benefit valued at BTC.
The value of this policy grows in Bitcoin, and customers can borrow against the value of the policy after one year. According to the company's product description, policyholders can borrow up to 90% of the policy value, with no fixed repayment schedule, and no additional margin requirements.
This insurance arrangement can be held by individuals, trusts, or companies. Meanwhile indicates that this structure is intended for use in inheritance planning as well as for managing wealth held in the form of Bitcoin.
Since the policy is priced with BTC, its guaranteed compensation is also expressed in Bitcoin units. However, as the market price of this cryptocurrency fluctuates, its value in US dollars will also change.
The company also offers another product named BTC 10- Pay, targeted at American taxpayers. Unlike the international version that requires a one-time payment, this product allows for installment payments over a period of 10 years.
Meanwhile operates these two products through a regulated insurance framework, under which premium collection and policy payouts are both conducted in Bitcoin. Its financial reserves and audited financial statements are also maintained in the same cryptocurrency.
The company's initial Bitcoin-denominated insurance product attracted venture capital from Sam Altman, the CEO of Bitwise, and Hunter Horsley among others.
Meanwhile has not disclosed yet. BTC Life 1 - Pay How many policies have been sold, nor has the total value of premiums received in Bitcoin for this product been disclosed.
Meanwhile signs agreements with 15 brokerage firms in the international market
Since the launch of BTC Life to Pay, Meanwhile has signed agreements with 15 brokerage firms that serve wealthy families in Asia, Europe, and the Middle East.
One of the partners is Lioner, which is an insurance, trust, and family office services provider operating in Hong Kong, Singapore, and Zurich. Apeiron Group, which focuses on the life insurance market for high-net-worth clients, has also joined the company's distribution network.
Lioner Partner Giorgio Jeni indicates that an increasing number of clients with international investments are considering how to incorporate digital assets into their long-term wealth management strategies.
When it comes to requirements, Jeni stated: "As new solutions continue to emerge, transparency, sound governance, and strong regulation will still be of great importance."
Apeiron Group The CEO, Justin Man, pointed out that the interest of high-net-worth clients in passing on digital assets to the next generation is on the rise.
Man said, "We are at a turning point, where more and more high-net-worth clients are not just asking how to hold Bitcoin and digital assets, but how to plan around these assets."
Meanwhile indicates that these new brokerage cooperation agreements were reached after there was an increase in market interest in Bitcoin-based wealth planning products. However, the company did not disclose how many clients each partner brought in.
Its financial performance also improved during the expansion period. According to this insurance company, the long-term underwriting net income for 2026 has already exceeded the level of the entire year of 2025.
The company expects that by the end of this year, this indicator will have grown to more than twice that of 2025, although this forecast still depends on the actual performance of the insurance business in the coming months.
In July 2024, the Bermuda regulatory authorities issued a license to Meanwhile.
Meanwhile conducts its business through Meanwhile Insurance Bitcoin ( Bermuda ) Limited. In July 2024, this entity obtained an insurance license Class IILT issued by the Bermuda Financial Services Commission ( BMA ).
Before obtaining the authorization to operate long-term insurance business, the company operated in the regulatory agency's insurance innovation sandbox for about two years.
BMA Official registration information confirmed. Meanwhile obtained the Class IILT license on July 25, 2024. This category allows companies to provide long-term insurance products within the authorized conditions.
According to Meanwhile, its financial statements, reserves, and balance sheet are all denominated in Bitcoin, while the assets held by customers are kept by regulated institutional-level custodians.
According to the Bermuda regulatory framework, this insurance company is permitted to conduct long-term insurance business with 'sophisticated investors'. The availability of the products is still subject to local regulations, and policies can only be distributed in permitted areas through intermediaries that hold the appropriate licenses.
Meanwhile has listed the markets supported by its new brokerage partnerships as Singapore, Hong Kong, Switzerland, and the United Arab Emirates. The company has not yet announced any additional regulatory licenses, nor has it provided a timeline for entering other jurisdictions.
