Current outcome
Datavault AI confirms about 1,328 BTC remain unavailable for withdrawal from its Biconomy wallet; it plans to reclassify the proceeds as an equity subscription receivable, restate affected financials, and reassess going-concern status, while its stock closed down 49.6% at about $0.067 on October 27.
Progress timeline
2 material updates- #01
Datavault AI称未能从Biconomy提取比特币，股价暴跌近50%
Datavault AI disclosed in an October 26 8-K that bitcoin held in its Biconomy account has not been withdrawable since a June request, sending its shares down nearly 50%; the coins originated from a $150M bitcoin-denominated share subscription by Scilex Holding in September 2025.
Source evidence: theblockbeats · wublockchainenglish
- #02
【Datavault AI 披露 1.5 亿美元比特币提现受阻，股价收跌 49.6%】
Added details: about 1,328.43 BTC are involved; Datavault AI closed down 49.6% at about $0.067 on October 27; the company plans to reclassify the proceeds as an equity subscription receivable and a deduction from shareholders' equity, restate affected financials, and reassess going-concern status, with restatement timing undetermined.
State after update: Datavault AI confirms about 1,328 BTC remain unavailable for withdrawal from its Biconomy wallet; it plans to reclassify the proceeds as an equity subscription receivable, restate affected financials, and reassess going-concern status, while its stock closed down 49.6% at about $0.067 on October 27.
Source evidence: foresightnews