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Investopedia on MSN · 2d

Why A New Rule Helped Tesla Get $600M in Bitcoin Gains But May Cost MicroStrategy Billions

Key Takeaways Tesla earlier this week reported a $600 million profit associated with its bitcoin holdings, which accounted for a little more than a quarter of its fourth-quarter profits.The company was able to book these bitcoin-derived profits thanks to a change in Financial Accounting Standards Board guidelines for crypto assets.

Hosted on MSN · 3d

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.

A quarter of Tesla’s earnings were due to recognizing 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 Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain

Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin ...

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 ...

20h

‘This Needs To Stop Now’—Elon Musk Confirms Radical Doge U.S. Treasury Plan

Elon Musk has confirmed he wants to put the U.S. Treasury on a blockchain, the technology that underpins bitcoin and other ...

Tesla Q4 earnings call recap, PE ratios, and big Texas solar project goes online

Tesla Q4 earnings call's high-level weirdness, including the impact Bitcoin had on the bottom line, what it means for stock prices.

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