Datavault AI Shares Drop Nearly 50% After Firm Says $150M in Bitcoin Stuck on Biconomy Since June 2026

Nasdaq-listed Datavault AI said it has been unable to withdraw 150 million dollars of Bitcoin held on the Biconomy exchange since June 2026, based on its own monitoring. The coins trace to a September 2025 equity deal in which Scilex Holding agreed to buy Datavault AI shares and warrants with Bitcoin, later moved offchain into the company wallet. The stock fell nearly 50 percent.