Bermuda Life Insurer Backed by Sam Altman Raises $37.5 Million on Bitcoin-Only Operations

According to Decrypt, a Bermuda‑based life insurer that operates entirely on Bitcoin has raised $37.5 million in new capital. The funding round was led by existing backers, including Bain Capital Crypto, and followed a record year marked by strong demand from wealthy families located in Asia, Europe and the Middle East.