Datavault AI Shares Gain 31% as Bitcoin Withdrawal Remains Unresolved

Datavault AI shares climbed about 31% Wednesday, two days after the company disclosed it could not move Bitcoin (BTC) from a Biconomy PTE. Ltd. wallet and would revise four financial reports. A June request to transfer Bitcoin to an external account remains incomplete. The reason for the delay remains unclear. Bitcoin received in a 2025 stock transaction with Scilex Holding did not qualify for recognition as a company digital asset. Datavault plans to record the amount as a subscription receivable — payment owed for shares — and reduce stockholders’ equity.