Meanwhile, a Bermuda-based life insurer, has successfully raised $82 million in a funding round to expand its Bitcoin-denominated insurance and retirement product offerings. The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark. This latest investment brings the company's total funding for 2025 to $122 million, following a $40 million Series A round earlier in the year.
Meanwhile, regulated by the Bermuda Monetary Authority, is the first life insurer to offer products entirely denominated in Bitcoin. The company's innovative approach combines traditional life insurance and annuities with Bitcoin, providing policyholders with protection against inflation and secure wealth transfer options. The new capital will be used to scale internationally, forge partnerships with traditional insurers, and develop new Bitcoin-linked retirement tools.
Zac Townsend, CEO of Meanwhile, stated that the funding will enable the company to build on its existing success and expand with partners globally. He emphasized the role of life insurers in providing long-term capital and how Meanwhile is bringing that same role to Bitcoin, helping families save and protect wealth in BTC while providing institutions with new ways to earn returns and launch compliant and scalable Bitcoin-indexed products.
Meanwhile's Bitcoin assets under management have grown by over 200% in 2025, outpacing Bitcoin's own market gains. This growth reflects increasing demand from both individuals and institutions seeking Bitcoin-denominated savings and corporate treasury products. The company generates Bitcoin returns through conservative lending and private credit strategies.
The company's policies are fully denominated in Bitcoin and offer unique tax and borrowing advantages. After two years, policyholders can borrow up to 90% of their Bitcoin policy value tax-free, with the borrowed BTC adopting a new cost basis, allowing holders to sell later without triggering capital gains taxes. The firm invests policyholders' premiums by lending Bitcoin to large, regulated financial institutions. Townsend noted that this has made Meanwhile “one of the largest long-term bitcoin lenders in the world".
Investors believe that Meanwhile is paving the way for Bitcoin's integration into mainstream financial infrastructure. Chris Ahn, Partner at Haun Ventures, said that the Bitcoin economy will require its own long-duration financial products, just as the U.S. economy was built on insurance, pensions, and mortgages.
Meanwhile launched in June 2023 with $19 million in seed funding from investors including OpenAI's CEO Sam Altman and Google's AI-focused fund Gradient Ventures. The company's innovative products and strong regulatory foundation have positioned it as a leader in the emerging market for Bitcoin-denominated financial products.
