Datavault AI shares crash after company says it can’t withdraw its Bitcoin from Biconomy
4 outlets · first seen 7h ago · latest 3h ago
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Crypto Briefingfirst seen
Datavault AI shares crash after company says it can’t withdraw its Bitcoin from Biconomy
Datavault AI's financial instability highlights the risks of illiquid crypto assets, potentially affecting investor confidence and market trust. The post Datavault AI shares crash after company says it can’t withdraw its Bitcoin from Biconomy appeared first on Crypto Briefing.
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The Defiant
Datavault Shares Plunge Nearly 50% After Biconomy Bitcoin Disclosure
The company plans to restate four financial periods and expects to remove $49 million from its June 2026 assets after reassessing a bitcoin-funded equity deal.…
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The Block
Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC
The company said the accounting correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn.