Crypto King

09/24 04:00

Scilex’s Bitcoin Deal Sparks Unverified Tariff Rum

Scilex’s Bitcoin Deal Sparks Unverified Tariff Rumors

Key Points:
Scilex exchanges $200 million shares for Bitcoin.
Misplaced tariff rumors emerge from these actions.
Market adjusted despite incorrect information source.
Scilex Holding Company executed a $200 million exchange of subsidiary shares for Bitcoin, involving institutional investors, as reported by ChainCatcher on September 23, 2025.

This transaction highlights growing institutional interest in cryptocurrency, potentially amplifying market dynamics and influencing Bitcoin’s valuation significantly in the short term.


$200 Million Bitcoin Purchase Causes Market Stir
In a major financial shift, Scilex Holding Company conducted a Securities Purchase Agreement with institutional partners to exchange $200 million in subsidiary shares for Bitcoin. “Scilex Holding Company announced the signing of a Securities Purchase Agreement with institutional investors to exchange $200 million of subsidiary shares for Bitcoin,” stated Scilex Management.

Rumors circulated, erroneously suggesting a fresh round of Trump-led tariffs, impacting market sentiment.

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