Datavault AI shares crash after 817 BTC stuck on Biconomy
Image: Crypto BriefingDatavault AI told regulators it cannot withdraw its Bitcoin from Biconomy. A withdrawal request has been pending for four months. The Nasdaq-listed company will restate several financial statements. Shares fell sharply after the October 26 filing. About 817.61 BTC remains inaccessible on the exchange.
Key points
- A withdrawal request has been pending for four months, according to an SEC filing.
- Datavault will restate financials for several periods and reduce reported assets.
Why it matters
The locked Bitcoin is worth over $65 million and raises questions about how companies hold and access Bitcoin treasuries when they need liquidity.
What's unclear
It is unclear when or whether Datavault will regain access to the 817.61 BTC on Biconomy.
Reports give different share decline figures, with declines ranging from 37% to over 50%.
Price context · BTC
At publication
$81,123.00
Now
$80,649.00
Change since
−0.58%
7 days · dashed line = publication
Sources · 3 publishers
The Defiant
Tier 1
Datavault Shares Plunge Nearly 50% After Biconomy Bitcoin Disclosure
AMBCrypto
Tier 2
817 BTC locked, shares crash 50%: Can Datavault AI recover its Bitcoin treasury?
Coverage timeline
- First reported by Crypto Briefing
- Also reported by The Defiant
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
