PANews|Oct 28, 2026 00:54
[Datavault AI Shares Plunge Nearly 50% After Saying It Has Been Unable to Withdraw BTC from Biconomy Since June] According to The Block, Nasdaq-listed Datavault AI's shares have plunged nearly 50% after the company stated it has been unable to withdraw its deposited BTC from the Biconomy cryptocurrency exchange since June 2026. This BTC originated from a September 2025 equity transaction with Scilex Holding, whereby Scilex agreed to pay $150 million in BTC to purchase Datavault stock and warrants. The BTC was transferred off-chain to Datavault's Biconomy wallet.
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