Bitcoin insurer Meanwhile secures $82M to expand BTC products

Backed by Bain Capital Crypto and Haun Ventures, Meanwhile aims to grow Bitcoin-based savings, annuities, and life insurance amid rising demand.

Bitcoin life insurance company Meanwhile raised $82 million in a new funding round led by Bain Capital Crypto and Haun Ventures.

The company, regulated by the Bermuda Monetary Authority, plans to use the funds to meet “surging demand” for Bitcoin-denominated retirement and “inflation-proof” savings products, according to a Tuesday announcement.

Meanwhile offers Bitcoin-based life insurance, annuities, savings products and insurance bonds for individuals and institutions, with all premiums, policy values and claims managed in Bitcoin (BTC). 

Read more