Sam Altman-backed Bitcoin Insurer Meanwhile Raises $37.5 Million
- Meanwhile, a life insurer focused on bitcoin, raised $37.5 million in a funding round led by Bain Capital Crypto.
- The Bermuda-based company has now raised a total of $180 million since its inception.
- Its policies offer premiums and death benefits denominated in bitcoin, extending cryptocurrency into wealth management products.
- The company’s BTC Life 1-Pay product allows customers to pay a single bitcoin premium for guaranteed BTC-denominated death benefits.
- Meanwhile received an insurance license from the Bermuda Monetary Authority in 2024 and has signed contracts with brokers across multiple countries.
This funding round reflects growing interest in integrating bitcoin into traditional financial products, particularly in the insurance sector. The expansion outside the U.S. indicates the company’s strategy to reach high-net-worth clients globally.
With this latest investment, Meanwhile is well-positioned to enhance its offerings in the cryptocurrency insurance market, having raised $37.5 million recently.(Source)
