Razer Raiju Tournament Bluetooth connection to PS4 terminates after turn on

Hello all!

I just got my Razer Raiju Tournament for the PS4 Pro. This thing looks and feels amazing.

There is a repeating issue between my controller and my PS4. Whenever I turn the Playstation on, whether it's from Rest Mode or full Power Off, the Raiju turns on the console and then stops responding.
When I pick up another controller and navigate to Settings > Controller > Razer Raiju Tournament Edition I can see clearly that the controller is disconnected.
The only way to get it to connect again is to remove the pairing from the PS4 and re-pair the controller to the system.

Technical details:
- PS4 Pro system software v8.52 (no updates available)
- Razer Raiju Tournament FW v1.0.5.00 (no updates available, fully charged)
- Issue occurs on PS4 BT only. USB and PCBT are working fine.

I would really appreciate your help.