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If you own Bitcoin, love your kids, and hate taxes — read this
If you own Bitcoin, love your kids, and hate taxes — read this originally appeared on TheStreet.
In an interview with TheStreet Roundtable, Zac Townsend, Meanwhile's CEO, laid out how the Bermuda-licensed insurer lets Bitcoin holders lock in intergenerational savings while earning yield through private credit.
Meanwhile operates like a traditional whole life insurance company — regulated, licensed and backed by actuarial reserves — but everything is denominated in Bitcoin.
'It is a life insurance company like any other life insurance company. It is regulated and licensed in Bermuda, which is like the insurance capital of the world,' the founder said.
Policyholders pay premiums in Bitcoin and receive claims in Bitcoin, with all financials, reserves and regulatory filings handled on-chain.
The minimum policy requires one Bitcoin paid over ten years; the maximum base payout tops out at 50 Bitcoin. Meanwhile entrusts custody to Anchorage Digital, employing multi-party key management so no single person can move funds.
'Users have trusted us with hundreds of Bitcoin at this point,' the founder noted.
To deliver a guaranteed Bitcoin‐denominated benefit, Meanwhile runs a private credit portfolio. 'People pay us, let's say, ten Bitcoin for a policy. And we promise them 15,' the founder explained. By trading duration for credit protection, the company aims to transform premiums into reliable, fixed-payout yield without exposing policyholders to dollar volatility.
After raising $60 million over its first two years, Meanwhile secured a $40 million Series A to fund international expansion and product development. The next offerings include a deferred Bitcoin annuity — a tax‐advantaged savings vehicle — and corporate debt instruments settled in Bitcoin. Regulatory dialogues in key markets such as Canada, the U.K. and Singapore are already underway.
'If you own Bitcoin, you love your kids, you hate taxes, and you're not planning to sell,' the founder said, capturing Meanwhile's ethos of combining legacy planning with Bitcoin-denominated yield.
Meanwhile's model could reshape how crypto investors manage both wealth preservation and yield under one roof.
If you own Bitcoin, love your kids, and hate taxes — read this first appeared on TheStreet on Jun 17, 2025
This story was originally reported by TheStreet on Jun 17, 2025, where it first appeared.
