Meanwhile, the first life insurer licensed to operate entirely in Bitcoin, has raised $37.5 million from existing investors led by Bain Capital Crypto. The company, backed by Sam Altman and based in Bermuda since 2024, has now raised over $180 million in total. This funding follows a record year driven by BTC Life 1-Pay, a single-premium whole life policy aimed at high-net-worth clients outside the United States. The insurer has signed 15 brokers since launching the product in insurance hubs including Singapore, Hong Kong, the UAE, and Switzerland.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
