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Bitcoin Life Insurer Meanwhile Raises 37.5 Million Dollars

Bermuda-based life insurer Meanwhile has raised 37.5 million dollars from existing investors to expand its Bitcoin-denominated policy offerings.

FTMQ Crypto, written by our newsroom0 views

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Picture: Decrypt

Bermuda-licensed life insurance company Meanwhile has secured 37.5 million dollars in a new funding round from existing investors. Decrypt, Cointelegraph, and Bitcoin Magazine reported that the investment round was led by Bain Capital Crypto. Other participants in the financing included Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. [1][2][3][4]

The company operates entirely in Bitcoin and issues life insurance policies denominated in the cryptocurrency. According to Decrypt, Cointelegraph, and Bitcoin Magazine, the capital injection brings the total amount raised by Meanwhile to over 180 million dollars. Backers of the firm also include OpenAI Chief Executive Officer Sam Altman. [1][2][3][4]

Decrypt and Bitcoin Magazine reported that the funding follows strong demand from wealthy families seeking to transfer Bitcoin across generations. Cointelegraph noted that international interest in Bitcoin-denominated life insurance policies has grown particularly among clients in Asia, Europe, and the Middle East amid broader macroeconomic instability. [1][2][3][4]

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In short

  • Meanwhile raised 37.5 million dollars in funding from existing investors.
  • Bain Capital Crypto led the investment round alongside other venture firms.
  • The total funding raised by Meanwhile now exceeds 180 million dollars.
  • Meanwhile is a Bermuda-regulated life insurer operating entirely in Bitcoin.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 MillionDecrypt, 10h ago (the report this story comes from)
  2. [2]Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more fundsCointelegraph Main, 19h ago
  3. [3]Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more fundsCointelegraph Bitcoin, 19h ago
  4. [4]Bitcoin Life Insurer Meanwhile Raises $37.5M as Wealthy Families Look to Pass On Their BTCBitcoin Magazine, 1d ago
  5. [5]Bitcoin Breaks Three-Week ETF Inflow Streak With Over $680 Million WithdrawnUToday Crypto News, 14h ago
  6. [6]XRP ETFs Gain as Bitcoin and Ethereum Funds Lose $317 Million. Is It a Trend?24/7 Wall St., 1d ago
  7. [7]XRP ETFs Gain as Bitcoin and Ethereum Funds Lose $317 Million. Is It a Trend?24/7 Wall St., 1d ago
  8. [8]Sam Altman-backed Bitcoin insurer lands $37.5m amid demand surgeIntelligent Insurer, 1d ago
  9. [9]Sam Altman-Backed Bitcoin Life Insurer Meanwhile Raises $37.5 Millionbloomingbit, 18h ago

Background

  1. [10]Killing of Brian Thompson on Wikipedia
  2. [11]Talavady on Wikipedia
  3. [12]Just Eat on Wikipedia

Our newsroom writes these reports with the help of software, from the 12 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Earlier reports of ours on the same people and subjects.

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