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

AI summary of the source article

Meanwhile, a licensed life insurer operating entirely in Bitcoin, raised $37.5 million in a round led by Bain Capital Crypto, with participation from Apollo, Pantera Capital, Haun Ventures, and others. The raise brings total funding to over $180 million. The company reports surging international demand from wealthy families seeking regulated ways to transfer Bitcoin across generations. In early 2026, it launched BTC Life 1-Pay, a single-premium product for non-US clients that allows policyholders to borrow up to 90% of the policy's value in Bitcoin after the first year. Licensed by the Bermuda Monetary Authority, Meanwhile maintains its reserves and financial statements entirely in Bitcoin.

Why it matters

The fundraise illustrates growing institutional and high-net-worth demand for regulated digital asset succession planning and crypto-native insurance products.

Key facts

• Meanwhile raised $37.5 million led by Bain Capital Crypto, bringing its total funding past $180 million.
• The insurer operates under a Class IILT license from the Bermuda Monetary Authority, with all reserves and statements denominated in Bitcoin.
• Meanwhile launched BTC Life 1-Pay for non-US clients, permitting policyholders to borrow up to 90% of policy value in Bitcoin after year one without margin calls.