Bitcoin treasury Datavault AI crashes 50% after four months of failed Biconomy withdrawals

Datavault AI (NASDAQ: DVLT) had a rough trading day on Tuesday, losing nearly 50% of its dollar value after investors learned that the company has been unable to access the Bitcoin it stored on the Biconomy exchange for roughly 4 months. After revealing the failed attempt to recover its Bitcoin, the firm also warned that financial statements going back to more than one year can no longer be regarded as fully accurate. Why did Datavault’s stock crash? Datavault’s DVLT stock crashed about 49.6%, from $0.133 to close at $0.067 in one session, per Google Finance data. Trading volume saw an 8-fold explosion, as around 250 million shares traded during the session.

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