Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC
Summary
Shares of Bitcoin treasury company Datavault AI crashed by half following an announcement that digital assets stored on Biconomy cannot be withdrawn. Due to this issue, the firm expects an accounting correction that will significantly reduce its reported assets at the end of next year.
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correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn.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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