Tesla's Bitcoin holdings increased by $600 million due to accounting rule changes

Odaily News Because the new accounting standards allow the value of digital assets to be adjusted quarterly at market prices, Tesla recorded a book gain of $600 million on its Bitcoin holdings in the fourth quarter of 2024, and the value of its digital asset holdings increased to $1.076 billion. Bitcoin rose by more than 50% in the fourth quarter of 2024. Tesla did not disclose its Bitcoin holdings, and Arkham Intelligence data showed that it held approximately 11,500 Bitcoins. As a result, Tesla's net income in the fourth quarter was $2.3 billion, and its stock price rebounded 4.15% after the market that day. (The Block)