Bitcoin life insurance is getting a serious growth round: Meanwhile, the Bermuda-based insurer that writes policies denominated entirely in bitcoin, has raised $37.5 million to push its product into Asia, Europe and the Middle East.
The round was led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital — and the cap table includes a name even non-crypto readers recognize: Sam Altman. Yes, the OpenAI founder is underwriting bitcoin risk. Welcome to 2026.
What the Bitcoin life insurance raise buys
Meanwhile says the fresh capital will fund international growth, extending bitcoin-denominated coverage to high-net-worth families across Asia, Europe and the Middle East and ramping up products such as BTC Life 1-Pay. The company reports that net long-term underwriting income has already surpassed the total recorded for all of last year — unusual for an insurer whose premiums and payouts are priced in satoshis rather than dollars.
Valuation context puts the momentum in perspective: secondary reports peg the new round at roughly $350 million, up from about $190 million in April 2026 when the company closed a $40 million Series A. Total funding now clears $180 million after an $82 million raise in October 2025.
Why wealthy families are asking for BTC-denominated cover
Meanwhile holds a Class ILT license from the Bermuda Monetary Authority and describes itself as the first life insurer licensed to operate entirely in bitcoin. The pitch is simple: families who would rather not sell bitcoin to pay fiat premiums want cover that never touches the banking system — policies that hold the asset they already trust.
For a sector used to insurance products being an afterthought, the raise is a signal that crypto-native cover is becoming a real category: someone has to insure the wealth that crypto created, and the money now flows to the shop doing it in bitcoin itself.
Sourced from Cointelegraph’s report on the Meanwhile funding round.
