Tesla’s $600M Bitcoin Boost Thanks to New Accounting Rule 🚀

Tesla’s Q4 2024 profits got a $600 million boost from its #bitcoin holdings, thanks to a new #FASB rule allowing companies to report crypto at fair market value each quarter.

BTC holdings: 11,509 BTC 💰

Total value: ~$1.19B 📈

Bitcoin’s surge: +51% since November, now at $105,023 per BTC

Previously, #Tesla had to report $BTC at its lowest price, but now gains can be recognized quarterly.

Despite selling 75% of its $BTC in 2022, Tesla remains a top corporate holder, reinforcing its long-term crypto stance. 🔥
#ElonMuskTalks #ElonMusk.