Bitcoin
Datavault Shares Plunge Nearly 50% After Biconomy Bitcoin Disclosure
The Defiant·October 28, 2026·1 min read
Datavault AI shares plunged nearly 50% after disclosing it cannot withdraw its Bitcoin from Biconomy. The company plans to restate four financial periods and expects to remove $49 million from its June 2026 assets due to a reassessed bitcoin-funded equity deal. This highlights risks of illiquid crypto assets.
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