This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
The Bermuda-based insurer, which runs entirely on Bitcoin, drew the funding from existing backers led by Bain Capital Crypto after a record year driven by demand from wealthy families in Asia, Europe and the Middle East.
A Bermuda-based life insurer that operates entirely on Bitcoin has raised $37.5 million in funding. The round was led by Bain Capital Crypto and included existing backers, with Meanwhile now having raised over $180 million.
The insurer, Meanwhile, has seen increased demand for its Bitcoin life insurance policies, particularly from wealthy families in Asia, Europe, and the Middle East, amid broader macro instability. According to Cointelegraph, Meanwhile's co-founder and CEO, Zac Townsend, stated that wealthy families already hold Bitcoin but lacked a regulated way to pass it on.
The funding round values Meanwhile at $350 million, up from $190 million in April 2025, according to sources cited by Axios. Meanwhile offers life insurance policies, including a single-premium whole life policy for high-net-worth clients outside the US and a product designed for US taxpayers.
Brief written by urgent.news from Decrypt, Cointelegraph, Techmeme — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds cointelegraph.com
