Overview

• The round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark.
• Total funding for 2025 now stands at $122 million following a $40 million Series A completed in April.
• The company plans to use the proceeds for international expansion, partnerships with traditional insurers, and development of bitcoin-linked retirement tools for institutions.
• Meanwhile reports bitcoin assets under management have grown more than 200% this year, outpacing the cryptocurrency’s price gains.
• Returns are generated through long-term lending and private credit using held BTC, while products pay out in bitcoin and permit policy loans after two years.