A major Bitcoin-related accounting controversy has shaken investor confidence in Datavault AI, sending its shares down nearly 50% after the company revealed difficulties accessing cryptocurrency associated with a $150 million investment agreement. We believe the development raises an important question for companies adopting Bitcoin as a treasury asset: What happens when cryptocurrency appears on a balance sheet but cannot be transferred when needed?
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CoinDesk: The company said the accounting correction will cut reported assets by $92.2 million at the end of 2025 after bitcoin held on Biconomy could not be withdrawn.
Read the full story at: Bitcoinist, CoinDesk
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Crypto assets are highly volatile, and new tokens that have not been officially recognised are not reliable until they are. This article reports the news and is not financial advice. The decision is yours.