Bitcoin Life Insurance Startup Meanwhile Lands $37.5M Round

Meanwhile, the Bermuda-based insurer backed by Sam Altman, raised another $37.5 million led by Bain Capital Crypto. Existing backers including Haun Ventures, Framework Ventures and Pantera Capital joined the round, pushing total funding past $180 million.

Its BTC Life 1-Pay policy lets wealthy non-US clients pay a single premium in bitcoin and receive a death benefit also denominated in the cryptocurrency. Policyholders can borrow up to 90 % of the policy value after the first year with no fixed repayment schedule or margin calls.

By the end of 2025 the firm held 1,183 BTC on its balance sheet, five times the previous year’s figure, while statutory capital and surplus stood at 759 BTC. It has now signed distribution deals with 15 brokers serving high-net-worth families in Singapore, Hong Kong, the UAE and Switzerland.

The product is designed for long-term estate planning without forcing bitcoin sales, yet the underlying volatility introduces risks absent from conventional life insurance.

Based on information from cryptonews.net