Meanwhile, life insurance company Bitcoin has raised $82 million in a new funding round led by Bain Capital Crypto and Haun Ventures.
The company, regulated by the Bermuda Monetary Authority, plans to use the funds to meet “growing demand” for “inflation-proof” retirement and savings products denominated in Bitcoin, according to an announcement Tuesday.
Meanwhile, it offers Bitcoin-based life insurance, annuities, savings products, and insurance bonds for individuals and institutions, with all premiums, policy values, and claims managed in Bitcoin (BTC).
Apollo, Stillmark and Northwestern Mutual Future Ventures also contributed to the funding round.
The new funding brings Meanwhile’s total capital raised in 2025 to $122 million, adding to its $40 million Series A from April led by Framework Ventures and Fulgur Ventures.
Zac Townsend, CEO of Meanwhile, told Cointelegraph that having investors from both cryptocurrencies and traditional finance showed that “both domains see Bitcoin as a fundamental asset for savings, protection and intergenerational wealth transfer.”
He added that as regulation improves, he expects “insurers and reinsurers to treat Bitcoin as a complement to sovereign fixed income.”
Investors backing Meanwhile say a Bitcoin-based economy will create growing demand for new BTC-denominated financial products. “Just as the American economy was built on insurance, pensions and mortgages, the Bitcoin economy will require its own long-duration financial products,” said Chris Ahn, partner at Haun Ventures.
Related: OpenAI reaches $500 billion valuation, surpassing SpaceX as world’s largest startup
Crypto insurance
Meanwhile, it launched in June 2023 with $19 million in seed funding from investors including OpenAI CEO Sam Altman and Google’s AI-focused fund Gradient Ventures.
In March 2025, Tabit, a Barbados-based insurer, raised $40 million in BTC to support its traditional insurance policies. At the time, the company claimed to be the first property and casualty insurer to hold its entire regulatory reserve in Bitcoin.
A new market is also emerging to connect insurance brokers and underwriters with digital asset capital.
Nayms is one example: a chain insurance marketplace that links capital providers and brokers through segregated accounts.
Another example is Ensuro, a blockchain-based (re)insurer that allows DeFi investors to diversify their portfolios by taking on real-world insurance risks.
Magazine: Move to Portugal to Become a Crypto Digital Nomad – Everyone Else Is One