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Tesla reports $600 million gain on Bitcoin holdings

Hosted on MSN · 2h

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 in the fourth quarter. What happened: Tesla’s balance sheet showed $1.07 billion in digital assets,

Business Insider · 7h

Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain

Elon Musk's Tesla (TSLA) appeared to take advantage of a new accounting rule allowing for holdings of digital assets to be marked-to-market each

Cryptopolitan on MSN · 3h

Tesla reports $600 million gain on Bitcoin holdings following new accounting rule update

Tesla’s Bitcoin holdings rose by $600 million in the fourth quarter after implementing a new accounting rule. The rule permits companies to value digital assets at market prices each quarter. According to Arkham Intelligence data,

Shacknews · 5h

Tesla (TSLA) acknowledged a $600 million benefit from Bitcoin holdings appreciation in Q4 2024

Tesla’s Q4 2024 earnings call offered a deep insight to the inner workings of the world’s leading EV company over the last few months. During it, CFO Vaibhav Taneja revealed a critical piece of information about the company’s bookings: Tesla made $600 million off Bitcoin (BTC) in Q4.

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Leak Reveals Musk’s Doge Could Be About To Trigger A Bitcoin-Inspired Price Game-Changer

A leak has revealed Elon Musk could be planning to use bitcoin-inspired blockchain technology to power his Doge ...

2h

Tesla reports $600 million bitcoin profit jump after digital assets rule change

A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market ...

The Tesla Space on MSN2d

Is Elon Musk Secretly Buying Bitcoin?

Is Elon Musk Secretly Buying Bitcoin? Elon Musk has been pumping Doge, or Dogecoin, for a little while now, but recently ...

'Bitcoin Jesus' Roger Ver Begs Trump for Pardon—But DOGE Chief Elon Musk Says Nope

DOGE boss Elon Musk said that Bitcoin icon Roger Ver, who's facing tax evasion charges, won't be eligible for a Trump pardon.

InvestmentNews1h

Trump in Schwab tie-up for $250m financial services offering

The investment strategy of Truth.Fi will be guided by financial services firm Charles Schwab, which will oversee asset ...

Cryptopolitan on MSN4d

Elon Musk is bringing the blockchain to his D.O.G.E department

Looks like Elon Musk is taking blockchain to Washington via his infamous Department of Government Efficiency (D.O.G.E).

Internet of People1d

Elon Musk doesn’t think Roger Ver should get a presidential pardon

Elon Musk, Tesla and SpaceX CEO, has said that early Bitcoin investor Roger Ver shouldn’t get a presidential pardon from ...

AFP on MSN7d

Musk seeks Trump pardon for 'Bitcoin Jesus,' charged with fraud

Elon Musk said Tuesday he was exploring a presidential pardon for "Bitcoin Jesus," who was arrested last year on fraud and ...

Cryptopolitan on MSN12d

Elon Musk mocks Yellen for getting hacked, says email likely mentioned Bitcoin

Elon Musk has turned the U.S. Treasury Department’s cybersecurity disaster into his latest roast material. Following news ...

GlobalData on MSN17h

Elon Musk’s X strikes alliance with Visa to launch digital wallet

The X Money service is expected to launch in the first quarter, with Visa being the first partner for X Money accounts.

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