Bitcoin▼ Bearish

Datavault AI shares plunge 50% after it says it cannot access its bitcoin

TradingGain Newsroom·2d ago·28 Oct 2026, 05:28 UTC

Bitcoin treasury firm Datavault AI plunged 50% after saying it cannot access its BTC. The company is correcting its accounts, which will cut reported assets by $92.2 million at the end of 2025. For traders, it highlights the risk of holding crypto on platforms that may block withdrawals.

BTCAt the time of writing, Bitcoin traded at $80,916 (+1.46% in 24h).Live price →

Why it matters

Bitcoin held on Biconomy could not be withdrawn, according to the company.
The accounting correction will cut reported assets by $92.2 million at the end of 2025.
It shows that access risk on a platform can hurt firms holding crypto as treasury assets.

What to watch next

Watch for any update on whether Datavault AI regains access to its bitcoin on Biconomy, and any further accounting changes.

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

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