Datavault AI shares crash after company says it can’t withdraw its Bitcoin from Biconomy

The Nasdaq-listed firm told investors that a year of financial statements can no longer be relied upon, and a withdrawal request has been pending for four months Datavault AI just learned an expensive lesson. Holding Bitcoin on paper and holding Bitcoin you can actually move are two very different things. The Nasdaq-listed company (DVLT) told regulators that its request to pull Bitcoin off Biconomy has been pending for four months. It also said several quarters of its financial statements can no longer be relied upon . Shares fell by approximately 37-48% on the news, trading around $0.07.