TechFlow, September 26 — Scilex Holding Company (Nasdaq: SCLX) today announced a $150 million bitcoin investment in Datavault AI (Nasdaq: DVLT). This investment aims to accelerate the development of Datavault's supercomputing infrastructure and expand its independent data exchange platform. Under the agreement, Scilex will receive approximately 279 million shares of Datavault common stock at a price of about $0.54 per share.
The partnership will focus on the biotechnology data monetization market, which is projected to reach $30–50 billion in 2024. Datavault will leverage its Web 3.0 and blockchain technology to provide data security and monetization solutions for the biotechnology sector.
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