Cryptoupdated 47m ago2 min read
Meanwhile Raises $37.5 Million Led by Bain Capital Crypto To Expand Bitcoin Life Insurance Overseas
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Meanwhile raises $37.5 million in Bain Capital Crypto-led round to grow Bitcoin life insurance abroad. The round expands sales beyond the U.S. with 15 broker partners serving high-net-worth clients internationally.
12 outlets told this the same way.
Meanwhile raises $37.5M
Meanwhile raised US$37.5 million in new funding led by Bain Capital Crypto to expand its bitcoin-based life insurance distribution outside the United States, the company said. Meanwhile said the round brings its total capital raised to more than US$180 million, and it listed OpenAI CEO Sam Altman among its sponsors. Meanwhile said it signed with 15 broker partners serving high-net-worth families, including Singapore, Hong Kong, the United Arab Emirates, and Switzerland.
Meanwhile launched BTC Life 1-Pay in early 2026 for high-net-worth clients outside the U.S., describing it as a whole life insurance policy with a single premium payment using Bitcoin. Meanwhile said its policyholders receive a guaranteed death benefit in Bitcoin and that the policy value also grows in Bitcoin, while the owner can borrow up to 90% of the policy value after the first year without a repayment schedule or margin call.
How BTC Life works
Zac Townsend said the product aims to link Bitcoin ownership with wealth-planning needs, telling readers: "Wealthy families around the world already own Bitcoin. What they don’t have yet is a regulated way to pass it on,".
Bain Capital Crypto partner Stefan Cohen said Meanwhile’s model combines the structure of a regulated insurance company with technology development, adding: "Growth this year demonstrates that model, and we are delighted to support them again,".
Meanwhile said it obtained Bermuda Monetary Authority Class IILT license in July 2024 after two years in the regulatory sandbox.
Meanwhile said its balance sheet, reserves, and audited financial statements are fully denominated in Bitcoin, and it said Bitcoin funds of policyholders are held through a regulated institutional custodian.
Meanwhile said its products are available only in specific jurisdictions through authorized intermediaries in accordance with local regulations.
Expansion and broker demand
Meanwhile said the financing supports expansion into Asia, Europe, and the Middle East through 15 broker partners, as it grows its bitcoin life cover overseas. Justin Man said, "We are reaching a turning point where more high-net-worth clients are asking not just how to hold Bitcoin and digital assets, but how to plan around them and ultimately transfer that wealth to the next generation,". Meanwhile said it launched BTC Life 1-Pay as its second product line after BTC 10-Pay, which it described as built for US taxpayers.
Meanwhile said it has signed 15 brokers since launch, including in Singapore, Hong Kong, the UAE, and Switzerland, and it said partners include Lioner and Apeiron Group. Meanwhile said its net long-term underwriting income has already passed last year’s total and is on track to more than double in 2026, while it did not disclose the absolute value of such revenues.