Meanwhile Raises $82 Million to Bolster Balance Sheet with Bitcoin Purchases
According to CoinDesk, Meanwhile secured $82 million in a Bain Capital Crypto and Haun Ventures-led round to grow its Bitcoin-denominated life insurance and savings products regulated by the Bermuda Monetary Authority.
Meanwhile, the first regulated life insurance company operating entirely in Bitcoin, announced an $82 million funding round co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark. The raise brings its total 2025 capital to $122 million following a $40 million April round. The Bermuda-based company offers Bitcoin-denominated life insurance and annuity products designed to hedge against inflation and currency devaluation. Meanwhile earns returns by lending Bitcoin to private credit markets while maintaining solvency standards comparable to traditional insurers. CEO Zac Townsend stated the company aims to provide families with Bitcoin-based wealth protection and give institutions compliant ways to earn BTC returns. The firm’s Bitcoin assets under management have grown over 200% this year, and the new funds will support global expansion and the development of new Bitcoin-linked retirement tools.
- Bitcoin-denominated insurance: Insurance products priced and paid out in Bitcoin, offering policyholders exposure to Bitcoin’s value instead of fiat currencies.
- Annuity: A financial product providing regular payments over time, often used for retirement income, which in this case is denominated in Bitcoin.
- Bermuda Monetary Authority: The financial regulator overseeing insurance and financial services in Bermuda, responsible for licensing and supervising companies like Meanwhile.