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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.

Electrek · 10h

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

Hosted on MSN · 1d

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.

Bitcoin makes a financial cameo

Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from ...

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 ...

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 ...

3don 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.

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