Sam Altman-Backed Meanwhile Raises $37.5M in New Funding

Bermuda-based life insurer Meanwhile, which operates completely in Bitcoin, announced $37.5 million in new funding from existing investors, bringing its total capital raised to over $180 million. According to Cointelegraph, the round was led by Bain Capital Crypto, alongside participants including Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.

“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 chief executive officer, said in a statement. The company stated that the fresh capital will help it keep up with international demand for its policies driven by broader macroeconomic instability.

Product Offerings and Growth

In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy targeted at high-net-worth clients outside the United States. This followed its initial product line, BTC 10-Pay, which was built for US taxpayers. Policies can be owned by individuals, trusts, or companies, catering to succession and estate planning needs.

The company reported that net long-term underwriting income has already surpassed last year’s total and is on track to more than double in 2026, though precise figures were not disclosed.

Key facts

• Meanwhile raised $37.5 million in a new funding round led by Bain Capital Crypto, bringing total funding past $180 million.
• Backers of the Bermuda-based insurer include OpenAI CEO Sam Altman.
• The company offers Bitcoin-denominated life insurance products including BTC Life 1-Pay and BTC 10-Pay for estate planning.