# Datavault AI Shares Fall About 50% After It Says It Cannot Withdraw Bitcoin From the Biconomy Exchange

The Nasdaq-listed company will cut reported assets at the end of 2025 by $92.2 million and now records the bitcoin as a receivable from Scilex Holding, the counterparty that paid it in coin.

- Published: 2026-10-28T05:45:35.192Z
- Canonical: https://polylog.news/crypto/2026-10-28/datavault-ai-shares-fall-about-50-after-it-says-it-cannot-wi
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/10/28/bitcoin-treasury-datavault-ai-plunges-50-after-firm-says-it-can-t-access-its-btc), [The Block](https://www.theblock.co/news/business/2026-10-27-datavault-ai-stock-plummets-bitcoin-deal-431962), [Stock Titan (8-K filing)](https://www.stocktitan.net/sec-filings/DVLT/8-k-datavault-ai-inc-reports-material-event-c91bdc731090.html), [CryptoSlate](https://cryptoslate.com/bny-offers-xrp-custody-but-only-1-rollout-type-exists/)

Datavault AI, a Nasdaq-listed company that held bitcoin as a treasury asset, said it has been unable to withdraw that bitcoin from Biconomy, a cryptocurrency exchange, since June. Its shares fell about 50%, CoinDesk reports. The company wil…

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