Meanwhile, a life insurer licensed to operate entirely on bitcoin has announced $37.5 million in new funding from existing investors.
Based in Bermuda meanwhilewhose backers include OpenAI CEO Sam Altman, has now raised more than $180 million.
Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital as well as Bain Capital Crypto led the new round, it said in a statement. statement.
According to the statement, the round follows a surge in international demand for bitcoin life insurance policies amid broader macro volatility, particularly in Asia, Europe and the Middle East.
“Wealthy families around the world already own bitcoin. What they don’t have is a regulated way to transmit it,” Jack Townsend, meanwhile, co-founder and CEO, said in the statement. “Brokers came to us because their clients kept asking. This round allows us to keep in touch with them.”
Passing Bitcoin on to the next generation
In early 2026, BTC Life has already launched 1-Pay, a single-premium whole life policy designed for high-net-worth clients outside the US. This is the company’s second product line after BTC 10-Pay, designed for US taxpayers.
Policies can be owned by individuals, trusts or companies, making them suitable for succession and estate planning, the company said.
Net long-term underwriting revenue has already surpassed last year’s total and is on track to more than double in 2026, the company added, without disclosing specific figures.
Cointelegraph reported in June that WTW, a global insurance broker and risk advisory company, acquired crypto insurance platform Redefine and launched a digital asset protection service that covers costs associated with forensic investigations, asset tracing and legal recovery efforts following theft or loss.
Redefine is a crypto insurance platform that allows individuals and institutions to purchase coverage for digital assets held across various custody systems. The company said its system uses cryptographic proof of ownership to verify insured assets.
Magazine: France Most Dangerous Place in the World for Bitcoiners: 90 Attacks in 7 Months
