🔔 Tesla Records $600M Bitcoin Profit in Q4 Under Updated Accounting Rules !
Tesla reported a $600 million gain on its Bitcoin holdings in Q4 2024, valuing its BTC stash at over $1 billion under new accounting rules. The updated Financial Accounting Standards Board (FASB) regulations now allow companies to record the market value of crypto assets, replacing the previous system that only recognized losses. Tesla currently holds 9,720 BTC, benefiting from the recent price surge and regulatory changes.
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