Datavault AI fell about 50% after the company said it cannot withdraw bitcoin sitting on Biconomy. That leaves a hole in the books: an accounting fix that trims reported assets by $92.2 million by the end of 2025.
The mess traces back to a Scilex arrangement. Scilex was set to buy Datavault AI shares for $150 million, paid in bitcoin. When those coins cannot leave the venue, a treasury headline turns into a balance-sheet problem overnight.
Paper BTC is worthless if you cannot move it. Equity buyers just priced that in.
$BTC $HAEDAL $SNXXB
The mess traces back to a Scilex arrangement. Scilex was set to buy Datavault AI shares for $150 million, paid in bitcoin. When those coins cannot leave the venue, a treasury headline turns into a balance-sheet problem overnight.
Paper BTC is worthless if you cannot move it. Equity buyers just priced that in.
$BTC $HAEDAL $SNXXB