Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

The dramatic stock decline stems from a deal with Scilex, under which the company agreed to purchase $150 million worth of Datavault AI shares, payable entirely in bitcoin. The inability to access these funds has triggered significant market concern.

Deal Details

The agreement represents a substantial transaction for Datavault AI, with the cryptocurrency payment method now creating substantial financial uncertainty. Investors are reacting sharply to the news of the inaccessible funds.