Funding and Investment - Meanwhile, the first life insurance company to offer policies entirely in Bitcoin has raised $82 million in a new funding round led by Bain Capital and Haun Ventures, bringing its total funding for 2025 to $122 million after a successful Series A that raised $40 million in April [1][2] - Other participants in the latest funding round include Apollo, Framework Ventures, Fulgar Ventures, Northwestern Mutual, Pantera Capital, and Stillmark [2] Company Operations - Meanwhile operates as a fully licensed and regulated life insurance carrier in Bermuda, with payouts denominated in Bitcoin, allowing beneficiaries to receive Bitcoin instead of fiat currency upon policy execution [3] - The company is also one of the world's largest Bitcoin lenders, providing both institutional and policyholder lending services [4] Policyholder Benefits - Individuals with policies older than two years can borrow against their policies to receive Bitcoin at fair market value, with the option to sell the new Bitcoin immediately if it appreciates [5] - Policyholders have the choice to either repay the loan or allow it to be covered by their policy's death benefit [5] Market Context - Bitcoin reached a new all-time high on October 6, with US spot Bitcoin ETFs seeing record inflows, marking their second highest level since inception [6] - The price of Bitcoin started the month around $117,000, peaking at $126,198 on October 6 before a slight pullback, attributed to investors seeking safe haven amid global uncertainty [7]