This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

A Bermuda-based life insurer, which exclusively operates entirely on Bitcoin, successfully raised $37.5 million in funding. The investment round saw participation from existing backers, prominently led by Bain Capital Crypto. This significant capital raise follows a record-breaking year for the insurer, largely driven by escalating demand from affluent families located across Asia, Europe, and the Middle East for its Bitcoin-centric insurance offerings.