Bitcoin● Neutral

Datavault AI Says It Cannot Withdraw Its Bitcoin; Shares Fall

TradingGain Newsroom·8h ago·28 Oct 2026, 21:46 UTC

Datavault AI says it has been unable to withdraw its Bitcoin from Biconomy since June. The company also plans to restate four financial reports tied to a $150 million deal with Scilex. For traders, this is a company-specific issue, but it may hurt confidence in firms that hold Bitcoin on their balance sheets.

BTCAt the time of writing, Bitcoin traded at $81,309 (+0.54% in 24h).Live price →

Why it matters

Datavault AI says it has been unable to withdraw its Bitcoin from Biconomy since June.
The company will restate four financial reports linked to a $150 million Scilex deal.
The problem involves one firm, so its direct effect on the wider Bitcoin market may be limited.

What to watch next

Watch whether Datavault AI regains access to its Bitcoin and when it releases the restated financial reports.

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This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.