Datavault AI stock price plunges by nearly 50%, unable to extract $150 million from Biconomy BTC
2026-10-28 09:14:29
According to CoinMeta, the stock price of Datavault AI, a NASDAQ-listed company, has plummeted by nearly 50%. The company stated that since June 2026, it has been unable to withdraw BTC stored from the Biconomy exchange. This BTC originated from an equity transaction with Scilex Holding in September 2025, where Scilex Holding purchased Datavault AI shares and warrants for $150 million BTC and recorded it in the Biconomy wallet of Datavault AI through off-chain transfers.
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