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Bitcoin treasury stock plunges 50% after firm says it can’t access its BTC

CoinDeskView source article

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Datavault AI stock crashes 50% after failing to withdraw Bitcoin from Biconomy

Nasdaq-listed Datavault AI shares plunged nearly 50% after the company disclosed it has been unable to withdraw Bitcoin from exchange Biconomy since June and would need to restate financial statements, with the withdrawal tied to a $150 million deal with Scilex.

Oct 28, 2026·5 sourcesCrypto investmentsBitcoinCrypto exchangesCrypto custodyCustodial riskExchange & custodial failuresCrypto Accounting
Datavault AI stock crashes 50% after failing to withdraw Bitcoin from Biconomy
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Other sources for this story

Cryptopolitan

Datavault AI stock crashes 50% after failed Biconomy Bitcoin withdrawals - Cryptopolitan

U.Today

Bitcoin Treasury Stock Crashes 50% Amid Withdrawal Trouble - U.Today

The Block

Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

Crypto Briefing

Datavault AI shares crash after company says it can't withdraw its Bitcoin from Biconomy