Datavault AI's stock price plummeted nearly 50% after it was unable to withdraw $150 million in BTC from Biconomy.

Nasdaq-listed Datavault AI's stock price plummeted nearly 50% after the company announced it would be unable to withdraw its BTC held on the Biconomy exchange starting in June 2026. This BTC originated from a September 2025 equity transaction with Scilex Holding, whereby Scilex Holding purchased Datavault AI stock and warrants for $150 million worth of BTC, which was then transferred off-chain to Datavault AI's Biconomy wallet. (Source: The Block)