Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...
With new accounting rules in place, corporate Bitcoin holders like Tesla have more pathways for using BTC as collateral ...
GameStop may invest in Bitcoin, mirroring MicroStrategy’s rebrand. CEO Ryan Cohen’s ties with Michael Saylor hint at a major shift.
It’s not every day that high-profile figures put their differences aside — but that’s exactly what just happened. During an ...
Adoption of cryptocurrency and bitcoin continues to grow, but haven't found a home on corporate balance sheets, where ...
Bitwise CIO Matt Hougan predicts a treasury revolution, forecasting hundreds of companies to buy Bitcoin as a reserve asset within 18 ... and Marathon Digital but also mainstream giants like Tesla, ...
Tesla profits rose 34% on a bitcoin boost last quarter following an accounting rule change. Tesla's paper gains on bitcoin accounted for nearly $600 million of its net income this quarter.
"Net income in Q4 was impacted by a $600 million mark-to-market benefit from bitcoin due to the adoption of a new accounting standard for digital assets," Tesla said. The company reported ...
Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin holdings was for GAAP purposes and would have had no effect on adjusted EPS.
Elon Musk owns Bitcoin, Ethereum, and Dogecoin, with the DOGE being his favorite c. What else do we know about Musk’s crypto ...
He rates shares Buy with a $430 price target for the stock. Tesla reported earnings per share of 73 cents, helped by a one-time Bitcoin gain. Wall Street was looking for 75 cents. What’s more ...