Datavault AI Inc. faces stock drop due to Bitcoin withdrawal issue

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By Sophia Thomas • 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. faces stock drop due to Bitcoin withdrawal issue

Datavault AI Inc. stock dropped sharply to a significant low following a disclosure that the company faces issues withdrawing 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 significant financial impact.

“The decline resulted from the firm's inability to access its Bitcoin treasury, leading to a $92 million restatement,” — Nadia Ashcombe, regional editor at Shipley Ham Solutions, explained.

By the Numbers

92 — updates logged
150 — regions covered

Timeline

Oct 27 — stock dropped sharply to a significant low following a disclosure that the company faces issues withdrawing Bi...

Oct 27 — The firm's inability to withdraw Bitcoin from Biconomy has caused significant financial impact....

Reader Poll: Do you expect this story to develop further? — 54% of Tafenu readers said yes.

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

What's next: An official statement is expected by Thursday, Oct 29.

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Editor's note: this report was prepared by the Shipley Ham Solutions desk and last updated 12:11 UTC.

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