TREE NEWS reports: Datavault AI shares rose 31% even after the company restated its financials to remove all reported bitcoin from its books, including 837 BTC that Scilex agreed to buy in June. No definitive deal for the bitcoin has been disclosed, and the tokens remain stuck at Biconomy.
Datavault AI Shares Jump 31% Despite Bitcoin Restatement
The market's willingness to look past a restatement that erases an entire bitcoin position suggests the tokens were never the core of the equity story, or that holders are pricing the disclosure risk as already contained. What matters is that the 837 BTC tied to Scilex has no definitive deal and remains stuck at Biconomy, leaving a live question over custody and recoverability rather than a resolved cleanup. Whether the restatement draws scrutiny over how the position was originally booked, and whether any binding agreement for the tokens emerges, are the open threads worth watching.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.