Datavault Shares Fall Nearly 50% After Bitcoin Deal Reassessment
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Datavault plans to restate four financial periods and expects to cut June 2026 assets by $49 million following a review of a bitcoin-funded equity deal.
Datavault shares dropped nearly 50% following a disclosure involving Biconomy and a bitcoin-funded equity transaction, according to The Defiant.
The company plans to restate four financial periods after reassessing the deal. It also expects to reduce its reported assets for June 2026 by $49 million.
The planned revisions put the transaction’s accounting treatment in focus. The asset reduction remains an expected adjustment rather than a completed restatement.
Source: The Defiant
