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Sam Altman-backed bitcoin insurer Meanwhile raises $37.5 million

Original: Sam Altman-backed bitcoin life insurer Meanwhile raises $37.5 million Meanwhile, a Bermuda-based bitcoin life insurer ba

Meanwhile, a Bermuda-based life insurer that denominates its policies in bitcoin, has raised $37.5 million in a funding round led by Bain Capital Crypto. The company, whose backers include Sam Altman, plans to use the capital to expand its bitcoin-denominated life insurance business internationally, betting on growing demand for crypto-linked financial products.

Why now: The funding round pairs a high-profile OpenAI figure with an unusual bitcoin-denominated insurance model, drawing attention in crypto and finance circles.

MeanwhileBain Capital CryptoSam AltmanBermuda

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• Sam Altman-backed bitcoin life insurer Meanwhile raises $37.5 million Meanwhile, a Bermuda-based bitcoin life insurer backed by Sam Altman, raised $37.5 million led by Bain Capital Crypto to expand its bitcoin-denominated life insurance business internationally. https://… · newisty

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