Bitcoin life insurer Meanwhile raises $37.5M

00:00 Speaker A

Bitcoin life insurer meanwhile raises $37.5 million. How does Sam Altman just like get his name into headlines that have nothing to do with him?

00:07 Speaker A

Like this is a story about a really cool Bitcoin insurer raising money and of course we get Sam Altman's name there at the beginning.

00:13 Speaker A

Right? But that's fine, okay? So that's Zack Townsend right there, the CEO. I've had him on my other podcast. Really impressive guy here.

00:21 Speaker A

So as that headline said, they've uh secured 37.5 million more uh in Bain Capital crypto led round. Bain Capital uh also was in their earlier rounds.

00:30 Speaker A

This is more money from existing investors to my knowledge.

00:33 Speaker A

But also, meanwhile has signed 15 brokers serving high net worth clients across markets I Switzerland, Singapore, Hong Kong and the UAE.

00:39 Speaker A

They also have products that are available to Americans. So, I found this extremely interesting when I talked to Zach about what they were offering.

00:46 Speaker A

So they do have products for international clients that are not available to us in America because as you know, Americans hate fun and and innovation and good ideas.

00:54 Speaker A