A life insurer that runs entirely on Bitcoin just raised $37.5M from existing investors led by Bain Capital Crypto, pushing Meanwhile past $180M total. Balance sheet, reserves and audited financials a

What happened: Meanwhile, a Bermuda-based life insurer that operates entirely in Bitcoin, raised $37.5 million from existing investors led by Bain Capital Crypto, bringing total funding to over $180 million. Key numbers: $37.5 million raised; over $180 million total; licensed by the Bermuda Monetary Authority in July 2024; BTC Why it matters: The raise follows what the company called a record year driven by international demand, and it reflects a broader push to weave Bitcoin into traditional financial products, with insurers pairing the volatile asset with long-term planning vehicles.

Meanwhile, a Bermuda-based life insurer that operates entirely in Bitcoin, raised $37.5 million from existing investors led by Bain Capital Crypto, bringing total funding to over $180 million.

The raise follows what the company called a record year driven by international demand, and it reflects a broader push to weave Bitcoin into traditional financial products, with insurers pairing the volatile asset with long-term planning vehicles.