Sam Altman-backed bitcoin insurer Meanwhile raises $37.5 million at $350 million valuation

Axios reports that Meanwhile, a Sam Altman-backed company offering life insurance in bitcoin, raised $37.5 million at a $350 million valuation. CEO Zac Townsend disclosed the funding to the outlet. Axios says bitcoin-denominated insurance offers customers access to a portion of crypto’s gains without hefty capital gains tax.