Bain Capital Crypto Leads $37.5 Million Round for Bitcoin Insurer Meanwhile

Bitcoin-denominated life insurer Meanwhile has raised $37.5 million in a funding round led by Bain Capital Crypto, bringing its cumulative capital raised past $180 million. Backed by OpenAI CEO Sam Altman, the Bermuda-regulated insurer saw participation from existing investors including Apollo, Pantera Capital, and Northwestern Mutual Future Ventures. The firm maintains its entire balance sheet and reserves in Bitcoin, offering whole life policies such as BTC Life 1-Pay and BTC 10-Pay. Meanwhile projects its net long-term underwriting income to more than double year-over-year in 2026 amid international demand from high-net-worth families.