Scilex Completes Second Bitcoin-Paid Investment in Datavault AI

Scilex paid in Bitcoin to acquire $583M in Datavault AI warrants, advancing RWA tokenization plans targeted for broader rollout by 2026.

BTC

97d ago

Summary

Scilex Holding completed its second investment in Datavault AI, paying in Bitcoin to purchase warrants enabling acquisition of 263,914,094 DVLT shares valued at $583 million. Approved on November 24, the deal supports collaborative real-world asset tokenization efforts, with broader rollout anticipated by 2026.

Terms & Concepts

Spot Price: The current market price at which an asset can be bought or sold for immediate delivery.
Bitcoin Payment: Using Bitcoin as the medium of exchange in a transaction, settled at its real-time market value.
RWA Tokenization: The process of creating blockchain-based digital tokens that represent ownership of real-world assets such as real estate, commodities, or equities.