Scilex’s Bitcoin Deal Sparks Unverified Tariff Rumors

2 mins mins

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.

Market reactions were significant, as Bitcoin’s liquidity adjusted. No official U.S. government announcements confirmed tariff speculations. Responses from major crypto leaders such as Arthur Hayes and Binance’s CZ were void of tariff references, maintaining market stability.

Bitcoin’s Resilience Amid Unfounded Tariff Rumors

Did you know? Bitcoin price movements often react to U.S. tariff news, though recent rumors of such tariffs were unfounded, causing historical parallels in volatility without actual policy changes.

Bitcoin (BTC) currently trades at $112,786.57, reflecting a market cap of approximately $2.25 trillion, as reported by CoinMarketCap. The trading volume has decreased by 19.55%, yet shows a 4.97% gain over the past 90 days, illustrating robust market dynamics.

bitcoin-daily-chart-3434 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 15:07 UTC on September 23, 2025. *Source: CoinMarketCap*

According to Coincu’s research, the financial landscape is adjusting post-Scilex transaction, with potential for increased Bitcoin adoption. Regulatory frameworks, previously influenced by macroeconomic policy, are not reflecting new U.S. tariff strategies. Market activity remains resilient, benefiting from strategic institutional entry.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.