bitcoinFeature
Datavault AI stock drops 50% after Bitcoin withdrawal issue
Datavault AI stock has plummeted by 50% following an announcement from the company.
This sharp decline stems from the firm's inability to withdraw bitcoin associated with a significant $150 million transaction.
The core of the situation involves an agreement with Scilex.
Under the terms of this deal, Scilex committed to purchasing shares of Datavault AI.
The agreed-upon purchase price for those shares was $150 million.
Crucially, this payment was slated to be made in bitcoin.
