Datavault AI Stock Falls 50% After Bitcoin Withdrawal Problem

TLDR Datavault AI shares fell nearly 50% on Tuesday, closing near $0.067 after the company said it cannot withdraw bitcoin tied to a $150 million deal. The bitcoin came from a September 2025 agreement in which Scilex agreed to buy Datavault shares and warrants for $150 million. Datavault has been unable to pull the bitcoin from its Biconomy exchange wallet since it first asked in June 2026. The company says more than a year of its financial statements can no longer be relied upon and will be restated. The restatements are expected to cut reported assets by $92.2 million at the end of 2025 and $49 million as of June 2026. Datavault AI shares fell nearly 50% on Tuesday. The stock closed near $0.067, down from $0.133 the day before.

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