Datavault AI's stock price plummeted nearly 50%, stating that it has been unable to withdraw the BTC deposited from Biconomy since June 2026

According to The Block, the stock price of Nasdaq-listed company Datavault AI plummeted nearly 50% after the company stated that it has been unable to withdraw its stored BTC from the Biconomy cryptocurrency exchange since June 2026.

The Bitcoin comes from a stock transaction with Scilex Holding in September 2025, where Scilex agreed to pay $150 million in BTC to purchase Datavault stock and warrants. The BTC was credited to Datavault's Biconomy wallet through an off-chain transfer.