Bitcoin boosts Tesla profits by almost $600 million after accounting rule change
Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies as net income.
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 ...
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Tesla Enjoys $600M Bitcoin Profit Jump After Accounting Rule Change
A new accounting rule helped Tesla report a $600M gain on digital assets in Q4, as their total value jumped to $1.08B.
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It's Happening: Tesla Buys $1.5 Billion Of Bitcoin
Also according to the filing, Tesla will begin accepting bitcoin as a form of payment for its goods and services in the future, though it “may or may not liquidate upon receipt.” As many see bitcoin ...