Datavault AI shares plunge 50% after firm reports inaccessible bitcoin holdings

Datavault AI, a company holding bitcoin in its treasury, saw its stock fall roughly 50% after disclosing a problem with its crypto assets. The firm said it cannot withdraw bitcoin held on the platform Biconomy. As a result, it plans an accounting correction that will reduce its reported assets by $92.2 million at the end of 2025. The disclosure has raised concerns among investors about the company's treasury holdings and how they are reported.