Datavault AI Shares Plunge Nearly 50% After Saying It Has Been Unable to Withdraw Its Stored BTC From Biconomy Since June
2026/10/28 17:00:01
Bollcoin, October 28: According to The Block, shares of Nasdaq-listed Datavault AI plunged nearly 50% after the company said it has been unable to withdraw its stored BTC from the Biconomy crypto exchange since June 2026. The bitcoin came from an equity transaction with Scilex Holding in September 2025, in which Scilex agreed to pay $150 million in BTC to purchase Datavault shares and warrants; the BTC was credited to Datavault's Biconomy wallet via an off-chain transfer.