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$37.5M More for Altman-Backed Insurer That Runs Fully on Bitcoin

2026-10-10

Meanwhile, a Bermuda-based life insurer licensed to run its business entirely in Bitcoin, has raised $37.5 million in a new round. The money came from investors who had already backed the company. Cointelegraph reported the round on Oct 10, 2026.

OpenAI CEO Sam Altman is among Meanwhile's backers. With this round, the company's total funding is now more than $180 million.

According to the report, the raise came after more people outside its home market asked for Meanwhile's Bitcoin life insurance policies, at a time of wider macroeconomic instability. The report does not say which investors put money into this round apart from naming Altman as a backer. It also does not give a valuation or say how the $37.5 million will be spent.

For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The story is about a private funding round for an insurance company. It says nothing about funding rates, trading fees or liquidity on any perpetual futures exchange.

Source: cointelegraph — Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds

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