The listed company Scilex has completed a transaction to exchange $200 million worth of Bitcoin for stock

ChainCatcher news, innovative revenue-generating company Scilex Holding Company (NASDAQ: SCLX) announced that it has completed the previously disclosed transaction under a Securities Purchase Agreement signed with an institutional investor, exchanging $200 million worth of common stock in its majority-owned subsidiary Semnur Pharmaceuticals, Inc. for $200 million worth of Bitcoin. Currently, Scilex's crypto account has received the $200 million in Bitcoin.