The company said it has been unable to withdraw BTC at Biconomy since June. The Bitcoin came from a $150 million Scilex deal in 2025.
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Datavault AI informed the SEC that it requested in June to withdraw Bitcoin from a wallet in Biconomy and that the process was still pending in October. The company also indicated that four periods of its financial statements should no longer be considered reliable. Its shares fell on October 27, although the available information does not confirm a single reason for that move.