Exchanges· ★★★· bullish· October 13, 21:33

Sam Altman-backed Meanwhile raises $37.5M for Bitcoin life insurance

—Meanwhile raised $37.5M, bringing total funding to over $180M
—Premiums and payouts on its policies are denominated in Bitcoin
—The company has held a Bermuda insurance license since July 2024
—Its BTC Life 1-Pay product allows borrowing up to 90% of policy value

Why it matters: The product offers a regulated way to pass Bitcoin wealth to heirs, drawing wealthy investors' capital into crypto.

Source: BTC-ECHO

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