Meanwhile, a Bermuda-based life insurer licensed to operate entirely in Bitcoin, has raised $37.5 million in fresh funding from existing investors, taking its total fundraising to more than $180 million. Bermuda has long served as a hub for international insurance and reinsurance firms.

The company, whose backers include OpenAI CEO Sam Altman, said Bain Capital Crypto led the round, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital, in a statement. The investor lineup spans crypto-focused venture funds and traditional financial institutions.

The round follows growing international demand for the firm's Bitcoin-denominated life insurance policies, particularly from clients in Asia, Europe and the Middle East, amid broader macroeconomic instability, according to the Thursday statement. Bitcoin-denominated life insurance remains a rare offering in an industry where policies are traditionally written in fiat currencies.

“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.”

Passing Bitcoin to the next generation

In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy built for high-net-worth clients outside the United States. It is the company’s second product line after BTC 10-Pay, which is designed for US taxpayers. Single-premium policies are funded with a one-time upfront payment, while whole life coverage remains in force for the policyholder’s lifetime rather than a fixed term.

Policies can be held by individuals, trusts or companies, making them suitable for succession and estate planning, the company said. Trusts are a common estate-planning vehicle for passing wealth to heirs.

Net long-term underwriting income has already surpassed last year’s total and is on track to more than double in 2026, the company added, without disclosing precise figures.

In June, Cointelegraph reported that WTW, a global insurance broker and risk advisory firm, had acquired crypto insurance platform Redefind and launched a digital asset protection service covering expenses related to forensic investigations, asset tracing and legal recovery efforts following theft or loss. Redefind allows individuals and institutions to purchase coverage for digital assets held across different custody arrangements, and the company said its system uses cryptographic proof of ownership to verify insured assets.