Datavault AI shares fell 49.55% on October 27 to approximately $0.067 after the company disclosed persistent difficulties withdrawing Bitcoin held through Biconomy. The company received 1,309.04 BTC under a $150 million agreement with Scilex, but a transfer to an external wallet requested in June 2026 remained unresolved as of October 26. Datavault AI acknowledged that the Bitcoin could not be recorded as company-owned digital assets and estimated that the corrections could reduce previously reported assets by between $8.1 million and $92.2 million, depending on the period concerned. Management is now reassessing liquidity, financing needs and accounting controls, while the withdrawal and revised financial statements remain uncertain.
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