PANews reported on September 24 that according to Globenewswire, innovative revenue-generating company Scilex Holding Company (NASDAQ: SCLX) announced that it has signed a non-binding, non-exclusive memorandum of understanding with Biconomy.com regarding future cryptocurrency and fund management strategies, including the following areas: 1. Collaborate with Biconomy's cryptocurrency trading platform and leverage its advantages to provide global cryptocurrency trading services for Scilex's digital assets; 2. Develop a cryptocurrency fund management strategy at Scilex to maintain a balance between security, liquidity, compliance and profitability; 3. Leverage the technology provided by Biconomy.com to provide Scilex with financial and trading information to realize the monetization of Scilex's digital assets.

Earlier news reported that the listed company Scilex plans to sell shares of its holding subsidiary in exchange for Bitcoin worth US$200 million .