Story perspectives

Scilex Invests $150M in Bitcoin for Datavault AI

9/27/2025

Summary

Story summary

Scilex Holding Company to invest $150 million in Bitcoin into Datavault AI Inc.
Two tranches: $8.067 million to close September 26, 2025, and $141.933 million subject to shareholder approval.
Scilex will receive up to 278,914,094 Datavault shares at $0.5378 each.
Risks include second tranche approval and Bitcoin price volatility; Datavault plans high-performance computing and independent data exchanges.

History

Historical Context

In 2013, Bitcoin's value surpassed $1,000, reflecting a significant moment in cryptocurrency history. That year, its market cap reached approximately $13 billion, highlighting the growing acceptance of digital currencies. Scilex Holding Company's $150 million investment underscores traditional companies' increasing integration of blockchain technology, a trend that may lead to heightened volatility and regulatory scrutiny in the cryptocurrency market.

1 of 2

Story summary

Scilex Holding Company to invest $150 million in Bitcoin into Datavault AI Inc.
Two tranches: $8.067 million to close September 26, 2025, and $141.933 million subject to shareholder approval.
Scilex will receive up to 278,914,094 Datavault shares at $0.5378 each.
Risks include second tranche approval and Bitcoin price volatility; Datavault plans high-performance computing and independent data exchanges.

1 / 2