Bitcoin Treasury Datavault AI Says It Can’t Access Its BTC, Stock Tanks

Datavault AI, identified as a Bitcoin Treasury, has publicly disclosed its inability to access or withdraw its Bitcoin holdings from the platform Biconomy. This issue has reportedly persisted since June, leading to significant financial repercussions for the company. As a direct consequence of this access problem, Datavault AI is compelled to restate four of its previously published financial reports. These particular reports are linked to a major $150 million transaction involving Scilex. The incident underscores the critical importance of secure and reliable custodial solutions for institutional holders of Bitcoin and the potential operational and financial challenges associated with third-party platforms.