Bitcoin insurer Meanwhile secures $82M in funding

Meanwhile, a company that provides Bitcoin-based insurance products, has secured $82 million in funding, Bloomberg reported. The investment round included participation from Apollo, Northwestern Mutual, Pantera Capital, Stillmark, Bain Capital, and Horn Ventures. Meanwhile is the first life insurance company to denominate its premiums, policy values, and death benefits in BTC. It generates returns by investing policyholder premiums as BTC-denominated loans to large financial institutions and also offers certain benefits to BTC holders. The new capital will be used to strengthen the company's capabilities and meet demand from institutional investors.