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Tesla, Bitcoin

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.

NBC New York · 4d

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 gain.

Electrek2d

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 ...

10h

‘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 ...

Bitcoin rises as FT reports Czech central bank looks to spend billions of euros on crypto

The U.S. has not formally announced a bitcoin reserve yet. But other countries are addressing their national crypto strategies. Aleš Michl, governor of the Czech National Bank, told the Financial ...

5don MSN

EV energy tech firm Nuvve to start buying Bitcoin

Nuvve, a clean energy firm that builds EV charging stations, said it will use some of its spare cash to start buying Bitcoin.

The Tesla Space on MSN2d

Tesla Just Bought 1.5 Billion USD Worth Of Bitcoin!

Following an exchange on Twitter between Elon Musk and Michael Saylor, Tesla bought $1.5 Billion or 10% of their treasury reserve. Will this cause more companies in the S&P 500 to buy bitcoin?

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