Datavault AI Stock Plunges 50% as Bitcoin Withdrawal Stalls

Bitcoin treasury company Datavault AI has disclosed that it has been unable to withdraw BTC held by crypto exchange Biconomy since requesting a transfer in June. The revelation saw the company’s shares fall nearly 50% in the latest trading session. According to a Form 8-K that Datavault filed on October 26 with the SEC, it received $150 million in Bitcoin from Scilex on September 25, 2025, as payment for an equity purchase agreement, with each unit valued at about $112,915 at the time, bringing the total number of BTC used in the transaction to around 1,328.