Datavault AI shares crash 37-48% after firm says it can't withdraw Bitcoin from Biconomy
- —Bitcoin withdrawal request from Biconomy pending for four months
- —Financials for Q3 2025, FY2025, Q1 and Q2 2026 withdrawn
- —BTC came via a $150M Scilex deal covering 1,309.04 BTC
- —491.431 BTC were sold back to Scilex for about $40.5M
Why it matters: The case highlights custody risk when Bitcoin sits with lesser-known providers and may sharpen scrutiny of corporate crypto holdings.
Source: Crypto Briefing