- Crypto startup Meanwhile has secured $40 million in Series A funding to expand its Bitcoin-denominated life insurance offerings.
- The company targets regions with high inflation, allowing policyholders to receive benefits in Bitcoin rather than potentially devalued local currencies.
- Meanwhile is regulated by Bermuda authorities and previously raised $20.5 million in seed funding backed by prominent investors including OpenAI‘s Sam Altman.
Meanwhile, a cryptocurrency-focused insurance startup, has secured $40 million in Series A funding to expand its Bitcoin-denominated life insurance business. The company announced on April 10 that the investment round was led by Framework Ventures and Fulgur Ventures, with participation from Xapo founder Wences Casares. Meanwhile targets customers in inflation-vulnerable economies who seek alternatives to traditional fiat-based insurance policies.
This latest funding follows a $20.5 million seed round that included backing from OpenAI CEO Sam Altman among other investors. Operating under regulation from the Bermuda Monetary Authority, Meanwhile offers whole life insurance policies completely denominated in Bitcoin (BTC), providing a potential shield against currency devaluation.
Co-founder Zac Townsend explained to Fortune that the company’s policies function similarly to traditional life insurance, with the key difference being that premiums are paid in Bitcoin, and when policyholders die, their beneficiaries receive claims paid entirely in BTC. Policyholders can also access their insurance value through loans and tax-free partial withdrawals.
The company specifically targets clients in regions experiencing high inflation or currency instability, though Townsend noted that their addressable market is broad given inflationary trends in Western economies and dramatic currency fluctuations in emerging markets.
Bitcoin’s role as an inflation hedge
Bitcoin’s deflationary design has made it popular among early cryptocurrency adopters seeking a store of value, though its effectiveness as an inflation hedge remains debated. A 2025 study published in the Journal of Economics and Business concluded that Bitcoin’s inflation-hedging capabilities have diminished in recent years due to increased institutional adoption, citing Bitcoin’s 60% decline in 2022 when U.S. inflation hit a 40-year high above 9%.
However, some analysts challenge this assessment. Investor Anthony Pompliano has argued that investors purchased Bitcoin during the pandemic in anticipation of inflation from government stimulus programs. Despite debates about its technical classification as an inflation hedge, Bitcoin has outperformed inflation since its creation.
Current market conditions
Bitcoin’s price dipped below $80,000 on April 10 following the release of the latest U.S. inflation data. Despite the market volatility, the report showed a significant slowdown in annual inflation for March, with the Consumer Price Index falling to 2.4% from February’s 2.8%.
Meanwhile’s business model positions it at the intersection of traditional financial products and cryptocurrency innovation, offering a novel approach to life insurance for those concerned about fiat currency devaluation in an uncertain economic landscape.
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