Scilex Holding Company has completed a $150 million investment in Datavault AI, utilizing Bitcoin for the transaction. The initial tranche includes 15 million shares priced at $0.5378 each, with the possibility of expanding to 278.9 million shares pending shareholder approval. This investment represents a pioneering move by a publicly listed biotech firm to leverage Bitcoin in a significant financial transaction.
Scilex Invests $150M in Datavault AI Using Bitcoin
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