Datavault AI disclosed that four quarters of its financial statements can no longer be trusted due to issues with Bitcoin holdings linked to a $150 million equity deal. The company’s request to withdraw Bitcoin from Biconomy has been pending for four months, leading to a reclassification of the Bitcoin as a subscription receivable rather than a digital asset. This restatement will reduce reported assets by tens of millions across multiple quarters and caused the stock to drop between 37% and 48%. Investors face uncertainty until revised financials are filed and the Bitcoin withdrawal is resolved.
Datavault AI shares plunged following issues with Bitcoin withdrawals, while the broader cryptocurrency market on Pluang showed mixed performance. As of Oct 28, 2026 07:21 WIB, 31 of 50 major cryptocurrencies rose and 18 fell. Notable movers include EOS with a price of Rp12.649 and an 8.13% increase, Bitcoin Cash at Rp5.381.360 with a 6.30% rise but 97% sell order activity, and Basic Attention Token at Rp2.590 down 5.21% with 93% buy order activity.
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