Tesla’s Bitkin bet is paying in a large way. The vast of the electrical vehicle had reported the unrelated benefit from $ 600 million in Q4 2024, a New accounting rules Update the companies to represent the neutral market value for their cryptu property. It is monitored by corporate crypto holdings, it is reported to the significant shift.
Accounting Rules Change gives a boost
For years, companies hold Bitcoin The old accounting criteria has to be followed by only impairment damage if the price of the BTC price had to report damage to the companies. But if the price taken from the price, the benefits cannot be sold. This Rule corporate bitcoin holdings are actually visible to risky than he.
It changed when the financial accounts of standard board (fastebby) updated their guidelines, companies are allowed to report the benefits and losses in the right market value.
Of toesla . 600 million The increase in Q4 is a direct result of this change, combined your Crypto Holdings with their original market value. The benefit took care of the digital property of the 1.076 billion company under the previous accounting procedures.
Toesla holds stable on his Bitcoin infusion
Despite the spike of the judical prices, it does not sell or sell bitcoins in the quarter. To increase the liquidity, the company was sold about 75% of its initial Hodding in the middle of the company, but it has kept its crypurici stake.
This election decision and Eline represents the continuation commitment to Bitcoin as a business property of business assets. Despite actingly, the choice to catch it to the shares of digital assets, despite the to choosesla, suit its shares for the long-term pending support.
Based on data from Errous intelligence, The investment has a 11,509 BTC, which is 1.19 billion in the current market value.
In the last three months of 2024, Tesla earns 2.3 billion. In 2023, the profit last year was less than $ 7.9 billion, but it was a $ 5.9 billion special tax benefit.
In the last three months of the year, Tessla’s total profit has been removed from 23%, deleting this big advantage. In the fourth quarter, sales increased from 2% to 25 25.7 billion, compared to 25.2 billion in 2023.
The effects of the Bitcoin profit of toesla
According to the most recent earnings report of Tesla, Bitcoin is becoming more important to finance. In viewing the rules of the new accounting rules, more public companies may feel more as part of the crykouses who protect the negative results as part of their holding.
The increase by the testla also matches the matches of the Stranganic faith period increased. Once the risk is considered as a risky experiment, the company’s digital currency Holding is now a good benefit.
As Bitcoin becomes more popular, the testicle access can try to use for other companies Cryptochrini. It is vague if other companies will follow the example of Tesla, but it is clear the investment has become very attractive in Bitcoin.
Special image from gatty images, chart from tradingview
