Datavault AI Inc. (Nasdaq: DVLT) has signed a $150 million securities purchase agreement with Scilex Holding Company (Nasdaq: SCLX), a deal executed entirely in Bitcoin at spot prices via Coinbase. The funding, split into two tranches—an initial $8.07 million closing on September 26, 2025, and a $141.93 million follow-up pending shareholder approval—will accelerate Datavault’s blockchain-secured data trading platforms and supercomputing infrastructure.

The company plans to expand its International Elements Exchange, NIL Exchange, and American Politics Exchange, all built on Web 3.0 frameworks to ensure trust, data integrity, and monetization at scale. With Scilex securing governance rights, including board nominations and participation in future financings, the partnership underscores how blockchain-backed AI platforms are gaining institutional traction. For Datavault, the Bitcoin-settled structure is as symbolic as it is practical—showcasing its commitment to decentralized, verifiable value creation across biotech, energy, and digital markets.