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.
Datavault AI Bitcoin vault inaccessible, stock drops 50% | Split Angle