This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
Summary
Bitcoin-denominated life insurer Meanwhile raised $37.5 million from existing investors, including Bain Capital Crypto, Haun Ventures and Pantera Capital, bringing total funding above $180 million. Licensed by Bermuda’s Monetary Authority in 2024, the company says its reserves and financial statements are held in Bitcoin with regulated custodians. It launched a single-premium whole-life policy for wealthy clients outside the U.S., offering a Bitcoin death benefit and loans against policy value. Meanwhile reports growing international demand and has signed 15 brokers across markets including Singapore, Hong Kong, the UAE and Switzerland. The funding comes amid wider efforts to incorporate Bitcoin into insurance and other financial products.
