Meanwhile Raises $82 Million to Develop Bitcoin Life Insurance

Bermuda-licensed Bitcoin life insurance company Meanwhile has raised $82 million from Bain Capital Crypto and Haun Ventures to create Bitcoin-denominated insurance and retirement products.

Meanwhile, a company that offers life insurance, annuities and savings products in Bitcoin, has announced a new round of funding of $82 million. Bain Capital Crypto and Haun Ventures were the leaders of the investment, as well as Apollo, Stillmark and Northwestern Mutual Future Ventures.

The company is regulated by the Bermuda Monetary Authority and positions itself as a bridge between traditional insurance instruments and the new Bitcoin economy. All insurance premiums, obligations and payouts are made in BTC, which, according to the company, makes the products “inflation-proof” and globally accessible.

Bitcoin Insurance Is a New Class of Financial Instruments

CEO Zach Townsend noted that the participation of both crypto firms and traditional investors indicates:

“Both worlds see Bitcoin as a fundamental asset for savings, protection and intergenerational capital transfer.”

He added that as regulatory maturity increases, insurers will begin to view Bitcoin as an alternative to sovereign bonds, which will increase the liquidity and resilience of the industry.

Who is behind the investment

The funding round marks Meanwhile’s second major raise in 2025 — the company has already raised $122 million in total, including an earlier $40 million from Framework Ventures and Fulgur Ventures in April.

“Just as the American economy once thrived on insurance, pensions and mortgages, the Bitcoin economy will need its own long-term financial products,” said Chris Ahn, a partner at Haun Ventures.

The Rising Wave of Bitcoin Insurance

Meanwhile launched in 2023 with $19 million in seed funding from Sam Altman (OpenAI) and Gradient Ventures (Google).

Its success reflects a broader trend of hybrid insurance companies holding reserves in crypto assets. For example, Barbados-based Tabit raised $40 million in BTC to back its classic policies, while platforms Nayms and Ensuro are creating an on-chain insurance marketplace where capital is provided by DeFi investors.

Outlook

Meanwhile aims to become the first global insurer focused on Bitcoin, while also opening up a new class of “long” crypto-financial products — insurance bonds and pension plans in BTC.

In a world where inflation is devaluing fiat, Bitcoin is increasingly positioned not as a speculative asset but as a basic financial instrument for storing value — and Meanwhile wants to lead this transition.