Meanwhile Raises $82 Million to Expand BTC-Denominated Life Insurance Offerings
Bermuda-regulated life insurer Meanwhile has closed an $82 million funding round to expand its BTC-denominated insurance, annuity, and savings products. The round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Apollo, Northwestern Mutual Future Ventures, Pantera Capital, and Stillmark. The investment highlights accelerating institutional interest in regulated, crypto-native financial products.
Founded to bridge the gap between traditional insurance and BTC-based finance, Meanwhile operates as the first fully regulated BTC-denominated life insurer. The company is licensed under Bermuda’s financial framework, which allows it to issue insurance products denominated in BTC while maintaining compliance with international regulatory standards. The insurer’s model aims to assist long-term BTC holders manage wealth, inheritance, and retirement directly in BTC rather than converting to fiat currencies.
Building momentum in crypto insurance innovation
Meanwhile’s latest funding round underscores growing confidence in the future of BTC-based financial services. The company’s total funding for 2025 now stands at $122 million, following a $40 million Series A earlier this year. According to the firm, the new capital will support product development, regulatory expansion, and global partnerships with major financial institutions.
Bain Capital Crypto and Haun Ventures, both ahead backers of leading blockchain ventures, praised Meanwhile’s innovative approach to integrating BTC into regulated insurance frameworks. Investors view the company’s model as a critical step toward establishing BTC as a foundational asset class for long-term financial planning.
“We view Meanwhile as pioneering a new category of financial security for BTC holders,” said a spokesperson from Haun Ventures. “Its approach blends the reliability of regulated insurance with the innovation of crypto-native finance, creating a product set that’s built for the future of global wealth.”
Institutional demand for BTC-based life insurance
The funding comes amid renewed institutional interest in crypto financial infrastructure. With global regulatory clarity improving and the BTC market regaining stability, traditional investors and insurers are increasingly exploring ways to integrate digital assets into mainstream portfolios. Meanwhile’s BTC-denominated insurance and annuity products offer policyholders exposure to BTC’s growth while securing coverage through a regulated insurer.
Operating out of Bermuda gives Meanwhile strategic flexibility to serve both institutional and retail clients globally. The company’s management stated that the capital will be used to expand product availability, enhance its digital insurance platform, and onboard more customers viewking long-term financial security in BTC.
As the global crypto market matures, Meanwhile’s model reflects a broader trend of institutional integration of digital assets. The company’s vision is to redefine life insurance and retirement planning for a digital-first generation of investors who prefer BTC as their primary store of value.
The $82 million funding round not only strengthens Meanwhile’s balance sheet but also positions it at the forefront of BTC-native financial innovation. With support from top-tier venture firms and strategic investors, Meanwhile is set to accelerate the mainstream adoption of BTC-denominated insurance products, potentially setting a new standard for the future of wealth protection in the digital era.
