Datavault AI Stock Crashes 50% on Bitcoin Withdrawal Issues
Datavault AI's stock price halved after announcing difficulties withdrawing bitcoin from a $150 million deal with Scilex.
Datavault AI's stock price halved after announcing difficulties withdrawing bitcoin from a $150 million deal with Scilex. Bitcoin (BTC) is trading at ₹77,00,579 ($80,889.00), down 0.2% since this brief published. This is an original Token Times brief based on reporting by The Block, with live market data added, as of Wed, 28 Oct 2026 05:00:01 UTC.
The development highlights the risks associated with large bitcoin-denominated transactions and the potential impact on company valuations when such transactions face complications. It also underscores the challenges of managing large-scale cryptocurrency liquidity.
- Datavault AI's stock price dropped 50% after announcing issues withdrawing bitcoin.
- The issue stems from a $150 million deal with Scilex, payable in bitcoin.
- Bitcoin's recent price movements may exacerbate liquidity challenges for Datavault.
Datavault AI's stock price experienced a significant decline of 50% after the company disclosed issues with withdrawing bitcoin from a $150 million deal with Scilex. The agreement, which was structured to be paid in bitcoin, has encountered complications that have left the company unable to access the funds.
The development raises concerns about the risks associated with large bitcoin-denominated transactions and the potential impact on company valuations when such transactions face complications. The situation also highlights the challenges of managing large-scale cryptocurrency liquidity, particularly in volatile market conditions.
The broader market context shows that the total crypto market cap is currently at $2.78 trillion, with 
Bitcoin showing a 24-hour increase of 1.66% and trading at $81,033. However, Bitcoin's 7-day performance indicates a decline of 2.06%, which may have contributed to the liquidity challenges faced by Datavault AI.
The Fear & Greed Index stands at 51, indicating a neutral market sentiment. This suggests that while the overall market is not in a state of extreme fear or greed, the situation for Datavault AI remains precarious due to the specific challenges it is facing with the bitcoin transaction.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹77,14,287.71$81,033.00 to ₹77,00,579.01$80,889.00 — -0.18%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin reach $82,500 in October?
Crowd-implied probability on Polymarket, ₹8.87M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 28 04:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.12M (about $80,889.00), up 1.6% over 24 hours. The rupee itself trades about 5.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Datavault AI Stock Crashes 50% on Bitcoin Withdrawal Issues — questions & answers
What is the issue Datavault AI is facing?
Datavault AI is unable to withdraw bitcoin from a $150 million deal with Scilex.
How has this affected Datavault AI's stock?
Datavault AI's stock price has dropped by 50% following the announcement.
What is the current market context for Bitcoin?
Bitcoin is up 1.66% in the last 24 hours, trading at $81,033, with a 7-day decline of 2.06%.
How much is 1 Bitcoin worth in rupee today?
About ₹8.12M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $80,889.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.18% since this brief first published — trading at ₹77,00,579 ($80,889.00) now versus ₹77,14,288 ($81,033.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Block. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.