✉news BusinessCrypto first seen 16 h ago, last 59 min ago, peak #5
Sam Altman-Backed Life Insurer Running on Bitcoin Raises $37.5 Million
Original: This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
A life insurance company backed by OpenAI chief executive Sam Altman says it operates its entire business on Bitcoin and has raised $37.5 million in new funding. The startup's model of holding reserves and paying out policies in Bitcoin rather than dollars is drawing attention as a novel fusion of insurance and crypto finance, at a time when interest in Bitcoin-linked financial products is picking up again.
Why now: Fresh funding news combined with Sam Altman's involvement and an unusual all-Bitcoin business model is generating wide coverage.
Evidence
- This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million · Decrypt News
- This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million · Yahoo Finance
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