Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
What happened
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
Why it matters
The development may change operating conditions or market expectations around Bitcoin. Further confirmation and measurable outcomes matter.
Affected entities
Bitcoin · BTCNeutral
View evidence
1 reports · 1 original report · 1 independent
- The BlockPrimary source · Supports · EN · 100%Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal ↗
Claims
- Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
BTC · 15 min+0.04%
BTC · 1 h+0.18%
BTC · 4 hUnavailable
BTC · 24 hUnavailable
Score explanation
Confidence · formula confidence-2.1.0
Source trust87
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude45
Market relevance88
Entity significance98
Market breadth54
Novelty68
Urgency55
capital magnitude100
Ranking · formula rank-1.0.0
Confidence factor0.8515
Freshness factor0.9999
Breaking bonus0