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.

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