Meanwhile, the Sam Altman-backed bitcoin life insurer based in Bermuda, has raised $37.5 million in a funding round led by Bain Capital Crypto, bringing its total funding to over $180 million. The company reported 1,183 BTC in total assets at the end of 2025, up more than fivefold from the previous year, along with 759 BTC in statutory capital and surplus. Meanwhile launched BTC Life 1-Pay in early 2026 for high-net-worth clients outside the U.S., offering whole life coverage funded by a single bitcoin premium with a guaranteed death benefit in the cryptocurrency. The company has signed 15 brokers serving wealthy families in Singapore, Hong Kong, the UAE, and Switzerland. Meanwhile received its Class IILT license from the Bermuda Monetary Authority in July 2024.
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