Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC

Datavault AI, a company known for its Bitcoin treasury, experienced a sharp 50% decline in its share price following an announcement that it could not access its Bitcoin holdings. The firm anticipates a significant accounting correction, which will cut its reported assets by $92.2 million by the end of 2025. This substantial loss is attributed to Bitcoin that was held on the Biconomy platform and has become inaccessible, underscoring critical risks associated with third-party custody for institutional entities.