Key Notes
- The Bermuda-based insurer allows policyholders to borrow against policies after two years to access Bitcoin at current rates.
- Bitcoin recently hit $126,198 as investors sought refuge during US government shutdown uncertainty and market volatility.
- Meanwhile operates as a regulated carrier offering death benefits in Bitcoin rather than traditional fiat currency payouts.
Meanwhile, the first life insurance company to offer policies denominated entirely in Bitcoin
BTC
$121 733
24h volatility:
3.0%
Market cap:
$2.43 T
Vol. 24h:
$77.59 B
, has raised $82 million in a new funding round led by Bain Capital and Haun Ventures.
According to an Oct. 7 post on X, this brings Meanwhile’s 2025 funding to $122 million following a successful Series A that raised $40 million in April. Its initial funding was led by OpenAI CEO and World co-founder Sam Altman.
Bain Capital and Haun Ventures were joined in this latest round by Apollo, Framework Ventures, Fulgar Ventures, Northwestern Mutual, Pantera Capital and Stillmark.
How Meanwhile’s Bitcoin Life Insurance Works
The Bermuda-based firm operates as a fully licensed and regulated life insurance carrier under local law. Unlike traditional insurance firms, Meanwhile’s payouts are denominated in Bitcoin, meaning policyholders’ beneficiaries would receive a specified amount of Bitcoin instead of fiat money upon execution of a policy.
According to Meanwhile’s website, the company also serves as one of the world’s largest Bitcoin lenders. It offers both institutional and policyholder lending services.
Individuals with policies older than two years can borrow against their policies to receive Bitcoin at fair market value. Per the website, if Bitcoin appreciates in the future, qualified policyholders can borrow against their policy and sell the new Bitcoin immediately. They would then have the option to either repay the loan or leave it to be covered by their policy’s death benefit.
Bitcoin Reaches New Heights Amid Market Uncertainty
As Coinspeaker recently reported, Bitcoin reached a new all-time high on Oct. 6, while US spot Bitcoin ETFs saw record inflows, reaching their second highest mark since inception.
After starting the month around the $117,000 mark, Bitcoin peaked at $126,198 in the late hours on Oct. 6 before pulling back slightly on Oct. 7. Many analysts have attributed the coin’s steady rise over the previous week to investors seeking safe haven as global uncertainty unfolds surrounding the US government shutdown.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Tristan is a technology journalist and editorial leader with 8 years of experience covering science, deep tech, finance, politics, and business. Before joining Coinspeaker, he wrote for Cointelegraph and TNW.
Tristan Greene on X
Source: https://www.coinspeaker.com/bitcoin-life-insurance-firm-meanwhile-raises-82m-led-by-bain-capital-haun-ventures/
