Scilex Invests $150 Million in Datavault AI for Strategic Bitcoin Initiative $BTC #Aİ #RWA
According to Foresight News, Nasdaq-listed Scilex has announced a $150 million strategic investment in Datavault AI, with a focus on Bitcoin integration. Scilex will acquire 278,914,094 Datavault common shares at a purchase price of $0.5378 per share.
Out of this, 15 million shares will be issued upon the completion of Scilex’s initial investment, while the remaining will be granted through pre-financing warrants in the second phase.
Beyond Bitcoin, Scilex plans to leverage its biotech and pharmaceutical expertise to build a Real World Assets (RWA) trading platform within these industries. This move aligns with Scilex’s broader strategy to adopt advanced technologies and strengthen its position in the biotech and pharma markets.
According to Foresight News, Nasdaq-listed Scilex has announced a $150 million strategic investment in Datavault AI, with a focus on Bitcoin integration. Scilex will acquire 278,914,094 Datavault common shares at a purchase price of $0.5378 per share.
Out of this, 15 million shares will be issued upon the completion of Scilex’s initial investment, while the remaining will be granted through pre-financing warrants in the second phase.
Beyond Bitcoin, Scilex plans to leverage its biotech and pharmaceutical expertise to build a Real World Assets (RWA) trading platform within these industries. This move aligns with Scilex’s broader strategy to adopt advanced technologies and strengthen its position in the biotech and pharma markets.