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Bitcoin boosts Tesla profits by almost $600 million
A quarter of Tesla’s earnings were due to recongnizing a $600 million gain on Bitcoin
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla
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.
Tesla profits get $600 million Bitcoin boost thanks to crypto accounting rule change
Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.
1d
Bitcoin boosts Tesla profits by almost $600 million after accounting rule change
Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies ...
1d
on MSN
Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule
Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported an unrealized gain of $600 million on its cryptocurrency holdings ...
Shacknews
1d
Tesla (TSLA) acknowledged a $600 million benefit from Bitcoin holdings appreciation in Q4 2024
Vaibhav Taneja acknowledged Tesla’s benefit from its Bitcoin holdings during the company’s Q4 2024 earnings call. CEO Elon ...
coinspeaker
1d
Tesla’s Bitcoin Stash Value Hits $1 Billion in Q4 2024, Will It Add More BTC?
Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.
24d
It Will ‘Drop’—Elon Musk Warns Doge Could Hit The Price Of Bitcoin Rival Dogecoin
Elon Musk has said that if his Doge department is successful in combating inflation, it could drive down the price of bitcoin ...
8d
Why Dogecoin Is Sinking Today
Dogecoin (CRYPTO: DOGE) is seeing a valuation pullback in Wednesday's trading. The cryptocurrency's token price was down 6.3% ...
Tempo
8d
Top 10 Corporations with the Largest Bitcoin Holders
As trader, the rise of corporations with largest Bitcoin holder is a trend worth monitoring as it reshapes boundaries of ...
Taiwan News
10d
Crypto Dawn: A Thrilling Journey into the Future of Cryptocurrency with 1 BTC & Tesla as Rewards
Crypto Dawn: A Thrilling Journey into the Future of
Cryptocurrency
with 1 BTC &
Tesla
as Rewards Joan Han, Sales and ...
Finbold | Finance in Bold
10d
Two stocks to watch as Donald Trump takes office today
As Donald Trump assumes office, the economic landscape is set to enter a period of significant change, with sectors like ...
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