The firm provides individuals and institutions with access to BTC-based products aimed at preserving long‑term value and mitigating currency and inflation risk.
The funding round was co‑led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark.
This brings Meanwhile’s total funding for 2025 to $122 million, following a $40 million Series A earlier this year co‑led by Framework Ventures and Fulgur Ventures.
Meanwhile operates under the Bermuda Monetary Authority, the first long‑term insurance license granted to a Bitcoin‑focused life insurer, according to the company.
The company has published audited Bitcoin financial statements and offers products that combine traditional life insurance structures with Bitcoin as the underlying asset.
According to CEO Zac Townsend, the company’s model provides long‑duration, Bitcoin‑denominated savings and protection, while institutions can also access BTC‑based products for corporate treasuries.
“We’re bringing that same role to Bitcoin—helping families save and protect wealth in BTC, while giving institutions new ways to earn returns and launch bitcoin‑indexed products that are compliant and easy to scale,” Townsend said.
Meanwhile has reported over 200 % growth in Bitcoin assets under management, reflecting growing demand for BTC‑denominated products among individuals and institutions.
The company also engages in conservative lending and private credit activities, holding long‑duration Bitcoin exposures with high‑quality counterparties.
Investors see Meanwhile’s approach as part of a broader need for long‑duration, regulated Bitcoin products.
Chris Ahn, Partner at Haun Ventures, said, “The Bitcoin economy needs more than trading platforms and DATs—it needs the core building blocks of capital markets. Meanwhile is the first mover in this category.” Stefan Cohen, Partner at Bain Capital Crypto, added, “Meanwhile is building compliant products that make Bitcoin accessible to both people and institutions.”
The company’s approach has drawn attention because it is among the first regulated players offering Bitcoin‑linked life insurance and retirement products.