Tesla’s latest SEC filing confirms it still holds 11,509 BTC, valued at $1.1 billion, but has not increased its Bitcoin ...

Elon Musk’s company Tesla made a killing with Bitcoin, pulling in a $600 million profit in the fourth quarter of 2024 without ...

Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...

02/10 update: Paolo Ardoino, the chief executive of the $141 billion USDT stablecoin issuer Tether, has warned quantum ...

Update (Feb. 10 at 19:00 UTC): This article has been updated to show Tesla’s BTC holdings based on data provided by Arkham Intelligence. Electric vehicle maker Tesla reported a $600-million gain ...

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

Tesla gained $600 million in Q4 2024 by marking Bitcoin to market under new FASB rules, significantly boosting its financial performance.

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. Vaibhav Taneja acknowledged Tesla’s ...

Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin holdings was for GAAP purposes and would have had no effect on adjusted EPS.

Adrian Zmudzinski is a cryptocurrency journalist with over 4,000 articles under his belt. His bylines include Cointelegraph, Benzinga, Crypto.News, and BeInCrypto. We uphold a strict editorial ...

Tesla has not increased its Bitcoin holdings but instead reported a $600 million gain from its existing 11,509 BTC in the fourth quarter 2024, according to its latest Securities and Exchange ...