Meanwhile, the Bermuda-licensed life insurer that underwrites and pays claims entirely in Bitcoin, has raised $37.5 million from existing investors, bringing total funding past $180 million, the company said in a statement. Bain Capital Crypto led the round, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital.

The raise follows what the company describes as increased international demand for its Bitcoin-denominated life insurance policies, particularly from Asia, Europe and the Middle East, against a backdrop of macro instability. Meanwhile's backers include OpenAI CEO Sam Altman.

Why are offshore clients buying Bitcoin life insurance?

The growth is concentrated among high-net-worth clients outside the United States. In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy built for that segment. It is the company's second product line after BTC 10-Pay, a policy designed for US taxpayers.

Policies can be held by individuals, trusts or companies, positioning the product for succession and estate planning rather than pure risk coverage. The pitch addresses a structural gap for Bitcoin holders: transferring the asset across generations without triggering operational and custodial friction.

"Wealthy families around the world already hold Bitcoin. What they haven't had is a regulated way to pass it on," Zac Townsend, Meanwhile's co-founder and CEO, said in the statement. "Brokers came to us because their clients kept asking. This round lets us keep up with them."

Meanwhile said net long-term underwriting income has already exceeded last year's total and is on track to more than double in 2026, though the company did not disclose precise figures.

Is broader crypto insurance capacity expanding?

The funding round lands as established insurance intermediaries deepen their digital asset coverage. In June, Cointelegraph reported that WTW, the global insurance broker and risk advisory firm, acquired crypto insurance platform Redefind and launched a digital asset protection service. The WTW offering covers expenses tied to forensic investigations, asset tracing and legal recovery efforts after theft or loss of digital assets.

Redefind's platform allows individuals and institutions to buy coverage for digital assets held across different custody arrangements, using cryptographic proof of ownership to verify insured holdings.

The two models point to different institutional entry points into crypto risk. Meanwhile is building regulated, Bitcoin-native underwriting licensed in Bermuda, while WTW is assembling distribution and claims-side services on top of acquired infrastructure. Both signal that insurance capacity, long a bottleneck for institutional crypto adoption, is scaling along separate tracks: life and estate products on one side, theft and recovery coverage on the other.

What comes next?

With $37.5 million in fresh capital, Meanwhile's stated priority is keeping pace with broker-driven demand for BTC Life 1-Pay outside the US. The company's 2026 underwriting trajectory — projected to more than double net long-term underwriting income — will serve as the key test of whether single-premium Bitcoin whole life can move beyond a niche estate-planning vehicle into a durable product line.