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

A Bermuda-based life insurer operating entirely on Bitcoin raised $37.5 million from existing backers led by Bain Capital Crypto. The funding follows a record year driven by demand from wealthy families in Asia, Europe, and the Middle East. The insurer's Bitcoin-centric model attracted significant capital amid growing interest in crypto-based financial services.