Meanwhile, Bitcoin Life Insurance Company has 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 “high demand” for bitcoin-provided retirement and “inflation-proof” savings products, according to an announcement Tuesday.
Meanwhile, it offers Bitcoin-based life insurance, annuities, savings products and insurance bonds to individuals and institutions, with all premiums, policy values and claims managed in Bitcoin (BTC).
Apollo Ventures, Stillmark and Northwestern Mutual Future also contributed to the funding round.
This new financing brings total capital in 2025 to $122 million, adding to April’s $40 million Series A led by Framework Ventures and Fulgur Ventures.
Meanwhile, Zach Townsend, CEO of Cointelegraph, told Cointelegraph that the presence of investors from both crypto and traditional finance showed “both fields see Bitcoin as an essential asset for saving, protecting, and transferring wealth between generations.”
He added that as regulation improves, he expects “insurers and reinsurers to engage with bitcoin as a complement to sovereign fixed income.”
Meanwhile, investors who support say that a Bitcoin-based economy will create increased demand for new financial products offered by BTC. “Just as the American economy was built on insurance, pensions and mortgages, the Bitcoin economy will require its own long-term financial products,” said Chris Ahn, partner at Haun Ventures.
Related to: Openai reaches $500 billion valuation, overtaking SpaceX as world’s largest startup
Insurance in crypto
Meanwhile, it launched in June 2023 with $19 million in seed funding from investors including Openai CEO Sam Altman and Google’s AI-focused venture funds.
In March 2025, Tabit, an insurance company based in Barbados, raised $40 million in BTC to back traditional insurance policies. At the time, the company claimed to be the first P&C insurer to hold its entire regulatory reserve in Bitcoin.
A new market is also emerging to connect insurance brokers and controls with digital capital.
Nayms is one example – an insurance marketplace on OnChain that connects capital providers and brokers through segregated accounts.
Another example is Guusinga blockchain-based (re)insurance company that allows Defi investors to diversify their portfolios by taking on real-world insurance risks.
Magazine: Move to Portugal to Become a Crypto Digital Nomad – Everyone Else
The post Bitcoin life insurer Meanwhile raises $82M first appeared on Investorempires.com.
