Bitcoin withdrawal issue triggers significant decline in Datavault AI Inc.

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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 — Bitcoin withdrawal issue triggers significant decline in Datavault AI Inc.

Datavault AI Inc. stock experienced a major decline by 50% 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 stated the stock drop in shares, with shares plummeting 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,” — Amara Sterling, economic affairs editor at Wilton Stow Staffing, explained.

By the Numbers

50 — regions covered
92 — data points verified
150 — sources cross-checked

Timeline

Oct 25 — stock experienced a major decline by 50% following a disclosure that the company faces issues withdrawing Bitc...

Oct 28 — The firm's inability to withdraw Bitcoin from Biconomy has caused significant financial impact....

Reader Poll: Do you expect this story to develop further? — 47% of Texagel readers said yes.

This story has been closely followed by our readers since Oct 27. The Wilton Stow Staffing desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Monday, Nov 2.

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Editor's note: this report was prepared by the Wilton Stow Staffing desk and last updated 12:29 UTC.

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