Billion Dollar Bet on Bitcoin Despite the Bleeding:

Simpler Scientific Loses $41.8 Million

and Issues Securities Worth $500 Million

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Simpler Scientific, an American company, announced paper losses of $41.8 million due to the decline in the value of its Bitcoin investments, after the price of the currency dropped from $93,500 to $82,350 during the first quarter of 2025.

Despite the losses, the company revealed plans to issue securities worth up to $500 million to support its investment strategy, primarily continuing to purchase Bitcoin.

The company expected revenues between $8.8 and $8.9 million against operating losses of up to $1.5 million, and also announced a preliminary agreement to pay $30 million to settle civil lawsuits with the U.S. Department of Justice.

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