A little-known tech company supposedly received a bitcoin-denominated payment for shares in its company into a crypto exchange account last year, but now the company says it cannot access the roughly $65...
Summary
- A little-known tech company supposedly received a bitcoin-denominated payment for shares in its company into a crypto exchange account last year, but now the company says it cannot access the roughly $65 million worth of bitcoin that remains from that associated transaction.
- received bitcoin as payment in a September 2025 securities purchase agreement with Scilex Holding Company.
- Under the deal, Scilex agreed to buy 15 million shares of Datavault common stock plus a pre-funded warrant covering another 263,914,094 shares for $150 million, payable as roughly 1,328.43 bitcoin.
- Between September 26th, 2025, and January 30th, 2026, Datavault sold 491.431 of those credited bitcoin back to Scilex through similar off-chain transfers for approximately $40.5 million in cash.
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