Bitcoin Life Insurer Meanwhile Raises $37.5 Million as Global Demand Grows

Meanwhile, a Bermuda based life insurer licensed to operate entirely in Bitcoin, has secured $37.5 million in new funding from existing investors. The company, backed by OpenAI CEO Sam Altman, has now raised more than $180 million in total. Bain Capital Crypto led the round, joined by Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. The raise follows rising demand for its policies in Asia, Europe and the Middle East amid wider macro instability.

Why Wealthy Families Want Bitcoin Estate Planning

Co-founder and CEO Zac Townsend said rich families already hold Bitcoin but have lacked a regulated way to pass it on. He added that brokers approached the firm because clients kept asking, and the new money helps it keep pace.

BTC Life 1-Pay and Bitcoin Insurance Products

Early in 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy for high net worth clients outside the US. It is the second product line after BTC 10-Pay, built for US taxpayers. Individuals, trusts and companies can own policies, which suits succession and estate planning. Net long-term underwriting income has already topped last year’s total and is expected to more than double in 2026, though no exact figures were shared.

Crypto Insurance Market Expands

Elsewhere, broker WTW bought crypto insurance platform Redefind in June and launched a service covering forensic investigations, asset tracing and legal recovery after theft or loss. Redefind uses cryptographic proof of ownership to verify insured assets.