
Sam Altman-Backed Meanwhile Raises $37.5M for Bitcoin Insurance
- —The $37.5M round was led by Bain Capital Crypto, with Haun Ventures, Pantera and Apollo participating
- —Total funding now exceeds $180 million
- —Policyholders can borrow up to 90% of policy value after the first year with no fixed repayment schedule
- —Meanwhile is expanding into Asia, Europe and the Middle East through 15 broker relationships
Why it matters: The product lets large BTC holders access liquidity without selling coins, deepening institutional infrastructure around Bitcoin.
Source: Crypto News Flash