Datavault AI Will Restate Four Reports After Bitcoin Withdrawal Stalls

Datavault AI will restate four financial reports after saying it cannot retrieve Bitcoin (BTC) from a custody wallet, a change that could cut reported assets by as much as $92.2 million. The company disclosed the withdrawal problem in an Oct. 26 filing with the Securities and Exchange Commission, saying it has sought since June to transfer Bitcoin from a Biconomy Pte. Ltd. wallet to an outside account. The filing did not specify the amount involved or explain why the transfer had not been completed. Datavault AI’s audit committee and management determined Oct. 20 that Bitcoin received in a 2025 stock transaction with Scilex Holding should not have been recorded as a company digital asset.

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