Bitcoin Life Insurance Firm Meanwhile Raises $37.5 Million, Total Tokenised

Meanwhile, a Bitcoin-based life insurance company, has raised thirty-seven million dollars in a funding round that values the firm as it expands its product offering built entirely around Bitcoin-denominated savings.

The company offers life insurance policies where both premiums and payouts are denominated in Bitcoin rather than fiat currency. The model appeals to long-term Bitcoin holders who want insurance coverage without converting their Bitcoin to dollars.

The funding round was led by venture capital firms specialising in Bitcoin-native businesses. The capital will be used to expand the team and develop new insurance products built on the same premise.

The raise reflects growing institutional interest in Bitcoin-based financial products. Insurance is one of the few major financial sectors that has not yet been rebuilt around Bitcoin, and Meanwhile is positioning itself to be the first mover.

The product is not without risk. A Bitcoin-denominated policy exposes the holder to Bitcoin price volatility, and a significant decline could reduce the real value of the payout. For long-term holders, that risk may be acceptable. For others, it is a reason to stay in fiat-denominated products.

The company has not disclosed the total amount of Bitcoin held in its reserves or the specific terms of the insurance products it offers.