Datavault AI Loses Access to Bitcoin Treasury, Stock Plummets

Bitcoin treasury — Datavault AI, a company holding Bitcoin as a treasury asset, has disclosed it cannot access its BTC holdings, triggering a sharp decline in its stock price.

The firm stated it has been unable to withdraw its Bitcoin from the Biconomy platform since June 2026. This access issue directly impacts the company’s financial position, as the Bitcoin is recorded as a corporate asset.

As a result of the situation, Datavault AI announced it will restate four of its financial reports. These restatements are tied to a $150 million deal with Scilex Holding Company, suggesting the inaccessible Bitcoin was involved in that transaction.

The news caused the company’s stock to tank, reflecting investor concern over the security and management of its digital asset reserves. The incident highlights the operational risks companies face when holding cryptocurrency on third-party platforms.