✉news BusinessCrypto first seen 21 h ago, last 50 min ago, peak #10
Bitcoin Treasury Firm Datavault AI Plunges 50% After Revealing It Cannot Access Its BTC
Original: Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC
Datavault AI, a company that holds bitcoin on its balance sheet, saw its shares collapse by roughly half after disclosing that it cannot currently access its bitcoin holdings. The announcement rattled investors and raised fresh concerns about the risks of corporate bitcoin treasury strategies, with the stock falling sharply once the news broke.
Why now: The company's disclosure that it cannot access its bitcoin triggered a dramatic share price collapse, alarming crypto and equity investors.
Evidence
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