Datavault AI Stock Crashes 50% Amid Bitcoin Payment Dispute
Datavault AI's stock price has halved after the company disclosed issues withdrawing bitcoin tied to a $150 million deal.
Datavault AI's stock price has halved after the company disclosed issues withdrawing bitcoin tied to a $150 million deal. Bitcoin (BTC) is trading at $80,889.00, down 0.2% since this brief published. This is an original TLT brief based on reporting by The Block, with live market data added, as of Wed, 28 Oct 2026 05:00:04 UTC.
The development highlights the risks associated with large bitcoin-denominated transactions and the potential impact on companies relying on cryptocurrency payments.
- Datavault AI's stock dropped 50% after announcing issues with a $150M bitcoin deal.
- The company is unable to withdraw bitcoin from the transaction with Scilex.
- Bitcoin's 24h price increase of 1.66% contrasts with Datavault's stock decline.
Datavault AI's stock price has fallen by 50% following the company's disclosure that it is experiencing difficulties withdrawing bitcoin tied to a $150 million deal with Scilex.
Under the agreement, Scilex was to pay Datavault AI $150 million in bitcoin, but the company has encountered issues in accessing the cryptocurrency.
The Block is the only outlet reporting on this development, and no further details are available regarding the specific nature of the withdrawal issues or the steps being taken to resolve them.
This incident comes amid a broader market context where the total crypto market cap stands at $2.78 trillion, with 
Bitcoin showing a 24-hour increase of 1.66% to reach $81,033.
The broader market sentiment, as indicated by the Fear & Greed Index, remains in the 'Neutral' range at 51, suggesting that while the overall market is stable, individual company issues can still lead to significant stock price movements.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $81,033.00 to $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 TLT'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, $93.22K 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 TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦111.87M (about $80,889.00), up 1.6% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian 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% Amid Bitcoin Payment Dispute — questions & answers
What is the issue with the bitcoin deal?
Datavault AI is unable to withdraw bitcoin from a $150 million transaction with Scilex.
How has the market reacted to the news?
Datavault AI's stock has dropped by 50%, while Bitcoin's price increased by 1.66% in the past 24 hours.
What is the significance of this development?
It highlights the risks associated with large bitcoin-denominated transactions and the potential impact on companies relying on cryptocurrency payments.
How much is 1 Bitcoin worth in naira today?
About ₦111.87M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $80,889.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira 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 $80,889.00 now versus $81,033.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.