Datavault AI stock price plunges nearly 50%, claiming it has been unable to withdraw Bitcoin deposited with Biconomy since June
Source：
x.com
According to The Block, Datavault AI (DVLT) shares plummeted by nearly 50% after the company disclosed that it was unable to withdraw Bitcoin held at the cryptocurrency exchange Biconomy. The Bitcoin originated from an equity deal with Scilex Holding reached in September 2025, under which Scilex agreed to purchase shares and warrants of Datavault AI in exchange for $150 million worth of Bitcoin. The relevant assets were deposited into the company's Biconomy wallet via an off-chain transfer.
