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Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

The Block·October 28, 2026·1 min read
Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

Datavault AI stock plunged 50% after the firm said it cannot withdraw bitcoin tied to a $150 million deal with Scilex. Scilex agreed to buy Datavault AI shares for $150 million, payable in bitcoin, but the withdrawal issue has triggered a sharp selloff and raised concerns about the company's financial stability.

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