Bitcoin (BTC) continues to dominate the cryptocurrency landscape in 2025, with its price reaching record highs. The surge in ...
Strategy acquires $2 billion more Bitcoin, nearing a half-million BTC in treasury amid growing institutional interest.
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Hosted on MSNTesla made $600 million in Bitcoin profits during Q4 of 2024Elon Musk’s company Tesla made a killing with Bitcoin, pulling in a $600 million profit in the fourth quarter of 2024 without ...
Crypto on The Street on MSN14d
Tesla did not increase its Bitcoin holdings but reports $600 million Q4 gainsTesla’s latest SEC filing confirms it still holds 11,509 BTC, valued at $1.1 billion, but has not increased its Bitcoin holdings.
Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...
Bitcoin made up a big chunk of Tesla's profits last quarter because of an accounting rule change that allowed the automaker to report its unrealized gains on the cryptocurrency as income in its ...
Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later, Tesla took a step ...
Bitcoin fared quite well in 2024 against traditional assets like bonds, gold, real estate, and the equity market as a whole.
"Net income in Q4 was impacted by a $600 million mark-to-market benefit from bitcoin due to the adoption of a new accounting standard for digital assets," Tesla said. The company reported ...
Tesla said its digital asset holdings were now valued at $1.076 billion A wallet linked to the EV maker by Arkham shows that Tesla holds over 11,500 $BTC worth some ...
Tesla profits rose 34% on a bitcoin boost last quarter following an accounting rule change. Tesla's paper gains on bitcoin accounted for nearly $600 million of its net income this quarter.
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