Datavault AI shares crash after company confirms it can’t withdraw its Bitcoin from Biconomy
·2 min read
Compiled by KHAO Editorial
— aggregated from 3 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
The Nasdaq-listed firm told investors that a year of financial statements can no longer be relied upon, and a withdrawal request has been pending for four months.
Key facts
Shares fell by approximately 37-48% on the news, trading around $0.07
The disclosure came in an SEC Form 8-K filed on October 26, 2026
Datavault then sold 491.431 BTC back to Scilex for about $40.5 million in cash
The problem traces back to a September 2025 equity purchase agreement with Scilex Holding Co. (NASDAQ: SCLX)
Summary
The Nasdaq-listed company (DVLT) told regulators that its request to pull Bitcoin off Biconomy has been pending for four months. The disclosure came in an SEC Form 8-K filed on October 26, 2026. The problem traces back to a September 2025 equity purchase agreement with Scilex Holding Co. (NASDAQ: SCLX). Datavault then sold 491.431 BTC back to Scilex for about $40.5 million in cash.