Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC
Summary
Datavault AI shares dropped fifty percent following an announcement that the firm cannot access its digital currency holdings. An accounting correction will reduce reported assets by more than ninety million dollars at the end of next year because the funds stored on Biconomy are currently stuck.
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correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn.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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