Datavault AI Inc. experiences sharp decline due to Bitcoin withdrawal issue

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By Daniel Taylor • Updated Oct 28, 2026 at 12:40

Crypto News | Datavault AI Plunges 50% After Disclosing It Can't Withdraw Bitcoin From Exchange Biconomy, Forcing a $92 Million Restatement - Binance — Datavault AI Inc. experiences sharp decline due to Bitcoin withdrawal issue

Datavault AI Inc. stock experienced a major decline by 50% following a disclosure that the company is unable to access its Bitcoin from exchange Biconomy. The decline resulted from the firm's inability to access its Bitcoin treasury, leading to a $92 million restatement. The company is affected by a $150 million deal. Multiple sources highlighted the significant fall in shares, with shares falling significantly due to the issue. The firm's inability to withdraw Bitcoin from Biconomy has caused a major financial setback.

“stock experienced a major decline by 50% following a disclosure that the company is unable to access its Bitcoin from exchange Biconomy,” — Victor Fenwick, policy watcher at Wraycroft Gate Advisory, added during the briefing.

By the Numbers

50 — reports filed
92 — mentions tracked
150 — updates logged

Timeline

Oct 25 — stock experienced a major decline by 50% following a disclosure that the company is unable to access its Bitco...

Oct 27 — The firm's inability to withdraw Bitcoin from Biconomy has caused a major financial setback....

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This story has been closely followed by our readers since Oct 24. The Wraycroft Gate Advisory desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Sunday, Nov 1.

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Editor's note: this report was prepared by the Wraycroft Gate Advisory desk and last updated 11:30 UTC.

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