Bermudian insurance company, Meanwhile, the first life insurer licensed to operate entirely in bitcoin, has announced $37.5 million in new funding from its existing investors.

Bain Capital Crypto led the round, alongside Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital.

The long-term insurer, whose backers also include Sam Altman, has now raised more than $180 million.

The company said the round follows a surge in international demand for Meanwhile's bitcoin life insurance policies, particularly in Asia, Europe and the Middle East amid broader macro instability.

Zac Townsend, cofounder and CEO of Meanwhile, said: “Wealthy families around the world already hold bitcoin. What they haven't had is a regulated way to pass it on.

“Brokers came to us because their clients kept asking. This round lets us keep up with them.”

The growth shows up in Meanwhile's results. Net long-term underwriting income has already passed last year's total and is on track to more than double in 2026.

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 purposely designed for US taxpayers.

As the company eyes further international growth, Meanwhile has signed 15 brokers serving wealthy families since launch, including in the insurance hubs of Singapore, Hong Kong, the UAE and Switzerland.

Those broker partners include Lioner, an insurance, trust and family office group with offices in Hong Kong, Singapore and Zurich, and Apeiron Group, a marketplace for high-net-worth life insurance.

“Digital assets are moving into the mainstream of wealth planning, and Lioner is equipped to evolve with them,” said Giorgio Jeni, partner and head of Switzerland at Lioner, who spent more than 27 years in high-net-worth life insurance and wealth management at HSBC, UBS, Julius Baer and Credit Suisse.

“As bitcoin and other digital assets become part of the wealth landscape, high-net-worth individuals with international interests and ties are thinking more broadly about how they manage wealth for the future. Transparency, sound governance and strong regulation will remain important as new solutions emerge.”

BTC Life 1-Pay is life insurance for families who hold some of their wealth in bitcoin. A client pays one premium in bitcoin and receives a guaranteed death benefit in bitcoin for life.

The policy's value grows in bitcoin, and after the first year the owner can borrow up to 90 per cent of it with no repayment schedule and no margin calls. Policies can be owned by individuals, trusts or companies, which makes them a fit for succession and estate planning.

“Meanwhile owns every layer of a regulated life insurer and builds it like an AI-enabled start-up,” said Stefan Cohen, partner at Bain Capital Crypto. “The growth this year proves the model, and we're glad to back them again.”

Meanwhile Insurance Bitcoin (Bermuda) Ltd holds the first Class IILT licence the BMA has granted, received in July 2024 after two years in the regulator’s sandbox.

Its balance sheet, reserves and audited financial statements are all denominated in bitcoin. All policyholder bitcoin is held with regulated institutional custodians.