Bitcoin Life Insurer Meanwhile Raises $37.5M as Wealthy Families Look to Pass On Their BTC

According to reporting by Bitcoin Magazine, Bermuda-regulated life insurer Meanwhile has raised $37.5 million in a new funding round led by Bain Capital Crypto, bringing its total funding to over $180 million. The company announced that the funding follows increased demand for its Bitcoin life insurance policies outside the United States, particularly across Asia, Europe, and the Middle East.

Meanwhile CEO Zac Townsend stated that wealthy families holding Bitcoin lacked a regulated mechanism to pass it on. The fresh capital will enable the company to keep up with broker demand. In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy aimed at high-net-worth clients outside the US, following its initial BTC 10-Pay product designed for US taxpayers.

The firm has signed 15 brokers serving wealthy families in regions including Singapore, Hong Kong, the UAE, and Switzerland, with partners such as Lioner and Apeiron Group. Meanwhile reported that its net long-term underwriting income has surpassed last year's total. The company operates under a Class IILT license granted by the Bermuda Monetary Authority, with reserves and financial statements denominated entirely in Bitcoin.