Datavault AI Stock Plunges 50% After Firm Says It Can’t Access Its Bitcoin Treasury
Key Highlights Datavault AI (DVLT) shares plummeted by nearly 50% following disclosures of trapped bitcoin reserves and upcoming financial restatements. The company revealed it has been unable to withdraw its bitcoin holdings from cryptocurrency exchange Biconomy since June. The halted withdrawals stem from a complex $150 million transaction involving Scilex Holding Company, subsidiary Semnur, and ...