Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds

Bermuda-based Bitcoin life insurer Meanwhile has raised an additional $37.5 million in funding from existing investors, according to a statement on Thursday. The round follows a surge in international demand for Meanwhile's Bitcoin life insurance policies, especially in Asia, Europe, and the Middle East, amid heightened macroeconomic instability.

Sam Altman, CEO of OpenAI and a major investor in Meanwhile, is among the company's backers. Meanwhile has raised over $180 million in total, as stated in the release. Bain Capital Crypto led the new funding round, joined by Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.

Meanwhile's co-founder and CEO Zac Townsend explained that wealthy families globally already own Bitcoin, but lacked a regulated method to transfer it after death. The company's BTC Life 1-Pay policy, launched in early 2026, caters to high-net-worth clients outside the U.S., while its BTC 10-Pay product targets U.S. taxpayers. These policies can be held by individuals, trusts, or companies, making them suitable for succession and estate planning.

Net long-term underwriting income has already surpassed the previous year's total and is projected to more than double in 2026, although specific figures were not disclosed. Meanwhile's services complement those of WTW, a global insurance broker and risk advisory company, which recently acquired crypto insurance platform Redefind and introduced a digital asset protection service covering forensic investigations, asset tracing, and legal recovery following theft or loss.

Redefind enables individuals and institutions to insure digital assets held in various custody arrangements using cryptographic proof of ownership to verify insured assets.