Datavault AI says bitcoin access issue cuts reported assets
In short
Datavault AI said an accounting correction will cut reported assets by $92.2 million at the end of 2025. The company said bitcoin it held on Biconomy could not be withdrawn, and the stock fell 50%.
This matters because the company may have less reported asset value than expected. It is still not clear whether the bitcoin can be recovered or what the full financial damage will be.
What the reporting says
Datavault AI said an accounting correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn. The CoinDesk summary says the stock plunged 50% after the firm said it cannot access its BTC. What remains unclear is whether the loss is temporary, whether funds will be recovered, and what broader balance-sheet impact may follow.
Why it matters
Datavault AI disclosed that it could not withdraw bitcoin held on Biconomy, prompting an accounting correction that will reduce reported assets by $92.2 million at the end of 2025. The CoinDesk summary also says shares plunged 50% after the disclosure. The reporting does not say why the funds were inaccessible or whether the issue will be resolved.