Meanwhile Secured $37.5 Million in New Funding
The Bitcoin-denominated life insurer has expanded its distribution network to 15 international brokers.
Updated on Oct. 9, 2026 in Financial Services
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Meanwhile has raised $37.5 million in a new funding round led by Bain Capital Crypto, bringing its total capital raised to over $180 million. The company, which specializes in Bitcoin-denominated life insurance, is expanding its reach to international clients outside of the United States.
Why it matters
The capital injection follows rising global demand for insurance products that allow policyholders to hold and transfer wealth in Bitcoin. By partnering with international brokers, the firm aims to capture the market for digital asset-based financial planning.
Meanwhile has raised $37.5 million in its latest round, contributing to a total of over $180 million in funding. The company has also signed 15 insurance brokers since the launch of its BTC Life 1-Pay policy earlier this year.
The players
Meanwhile
This is a licensed life insurance company that denominates its financial assets, reserves, and policies in Bitcoin.
Bain Capital Crypto
This investment firm led the latest funding round and focuses on supporting projects within the cryptocurrency and blockchain ecosystem.
Bermuda Monetary Authority
This regulatory body oversees financial services in Bermuda and granted Meanwhile its Class IILT insurance license.
The details
Meanwhile functions as a licensed life insurer that maintains its assets, reserves, and financial statements entirely in Bitcoin. Clients can pay a single premium in Bitcoin to secure a death benefit, with the company projecting that its net long-term underwriting income will more than double in 2026.
Timeline
July 2024: Meanwhile received a Class IILT license from the Bermuda Monetary Authority.
Early 2026: The company launched its BTC Life 1-Pay insurance product.
October 8, 2026: The firm announced the close of its $37.5 million funding round.
Market Landscape
The company operates under the specific compliance standards established by the Bermuda Monetary Authority's Class IILT framework. This specialized licensing allows it to carve out a niche in a global insurance market that is increasingly reconciling traditional wealth protection with digital assets.
For international clients looking to incorporate digital assets into long-term financial planning, the expansion of the broker network increases access to Bitcoin-denominated life insurance products. This provides a new avenue for those seeking to hold, transfer, and insure wealth denominated specifically in Bitcoin.
The takeaway
The move signals a growing intersection between traditional life insurance structures and volatile digital assets. Consumers interested in these products should verify local regulatory availability, as the policies are currently restricted for those within the United States.
Further reading
For more on the evolving digital asset sector, visit our Financial Services section.
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