A quarter of Tesla’s earnings were due to recongnizing a $600 million gain on Bitcoin
Tesla got a $600 million boost from from a Bitcoin accounting change
This story incorporates reporting from NBC New York, Bloomberg on MSN.com and https//beincrypto.com.Tesla recently reported a $600 million profit from its Bitcoin holdings. The gain is attributed to a change in digital asset accounting rules.
Tesla’s Bitcoin Holdings Boost Q4 Earnings by $600 Million With New Accounting Rule
Tesla gained $600 million in Q4 2024 by marking Bitcoin to market under new FASB rules, significantly boosting its financial performance.
Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies as net income.
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Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes
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Right before his inauguration, President Donald Trump launched a meme coin, a type of cryptocurrency whose value is buoyed by social media and Internet culture, rather than any sort of functionality or intrinsic value.
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Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.
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