Bitcoin Treasury Stock Crashes 50% Amid Withdrawal Trouble
Photo: U.Today
The shares of Nasdaq-traded Datavault AI (DVLT) have declined almost 50% following the company's announcement that it failed to withdraw its Bitcoin (BTC) from the cryptocurrency exchange Biconomy for about four months. On Tuesday, Oct. 27, the DVLT shares finished the day's trading session at a value of just $0.067 per share, losing 49.55% in a single day. Additionally, the volume of trades surged, with around 244 million shares traded versus 30 million in the previous session. Per Datavault AI's filing on October 26 with the U.S.
Source: U.Today
