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Scilex Holdings Company announced that it will invest $150 million in Datavault AI Bitcoin.
On September 26, news reported that Scilex Holdings Company (NASDAQ: SCLX) today announced an investment of $150 million in Datavault AI (NASDAQ: DVLT) in Bitcoin. This investment aims to accelerate the construction of Datavault's supercomputing infrastructure and the expansion of its independent data exchange platform. According to the protocol, Scilex will receive approximately 279 million shares of Datavault common stock at a price of about $0.54 per share. The cooperation will focus on the monetization market of biotechnology data, which is expected to reach a scale of 30-50 billion USD in 2024. Datavault will utilize its Web 3.0 and blockchain technology to provide data security and monetization solutions for the biotechnology field.