Scilex Injects More Bitcoin Into Datavault AI, Unlocks 264M Share Warrant Issue

• The first tranche in September 2025 was $8 million in Bitcoin.
• The second tranche of $141.93 million brings the total investment to $150 million.
• Datavault said the funds will boost digital asset reserves, supercomputing, platform growth, and new revenue streams.

Datavault AI (DVLT) announced on Wednesday that it has closed the second tranche of a strategic Bitcoin (BTC)-backed investment from Scilex (SCLX), securing capital to expand its digital asset reserves.

In this deal, Scilex used 1,237.6 Bitcoin (BTC) to receive a pre-funded warrant that can be converted into roughly 264 million Datavault shares. In total, Scilex is expected to receive approximately 278.9 million Datavault shares, including 15 million in common stock from the first tranche of investment.

The first tranche of the investment, completed in September 2025, was also made in Bitcoin and valued at about $8 million. With the $141.93 million second tranche, the combined investment totals approximately $150 million. 

Datavault said the investment will help it grow its digital asset reserves, expand supercomputing infrastructure, develop its platform, and create new revenue opportunities. 

The Market Reaction

Scilex Holding Company and Datavault partnered in September following Scilex’s $150 million investment. In addition to the capital infusion, Scilex secured a worldwide exclusive license reportedly valued at up to $10 million for Datavault’s AI and tokenization technology, focused on monetizing real-world assets and data, particularly in biotech and healthcare.

SCLX’s stock dropped as much as 3.65% in pre-market trade despite strength in the broader market. On Stocktwits, it was among the top trending tickers. Data showed retail sentiment around the company rose to ‘extremely bullish’ from ‘bullish’ territory, accompanied by ‘high’ levels of chatter over the past day. 

DVLT’s stock edged 0.4% lower, with retail sentiment around the firm improving to ‘bullish’ from ‘neutral’ over the past day, with chatter at ‘high’ levels.

What Is Retail Thinking?

One bullish user on Stocktwits said Scliex’s position in Datavault is now worth more than the original $150 million investment. 

Another bullish trader anticipates ample runway ahead for the stock’s price to gain.

SCLX’s stock has gained more than 30% this year, while DVLT’s stock has gained almost 10%. 

Read also: Bitcoin, XRP, ADA Struggle Ahead Of Thanksgiving – Analyst Warns There’s No Clear Catalyst For Q4

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