🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
The publicly listed company Scilex has completed a transaction to exchange $200 million worth of Bitcoin for stock.
According to Mars Finance, innovative revenue generation 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 its majority-owned subsidiary Semnur Pharmaceuticals, Inc. valued at $200 million in common stock for $200 million worth of Bitcoin. Currently, Scilex's encryption account has received this $200 million worth of Bitcoin.