Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC
Summary
Datavault AI saw its stock value drop by half following an announcement that it currently cannot access its bitcoin holdings. The firm stated that an accounting adjustment will significantly reduce its reported assets at the end of 2025 due to withdrawal issues on the Biconomy platform.
The company said the accounting correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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