Finance2 sources
Datavault AI Bitcoin vault inaccessible, stock drops 50%
- Datavault AI's stock dropped 50% due to an inability to access Bitcoin holdings.
- The issue affects a $150 million deal with Scilex, payable in Bitcoin.
- The accounting correction will reduce reported assets by $92.2 million by the end of 2025.
- The inaccessible Bitcoin was held on Biconomy.
- No further details on the cause or resolution of the issue are provided.