Tesla's Bitcoin holdings soar in profits, market capitalization ranking attracts attention

According to the latest accounting standards, Tesla recorded a book profit of $600 million in the fourth quarter of 2024 due to its Bitcoin holdings, increasing the value of its digital asset portfolio to $1.076 billion. This change reflects a more than 50% increase in Bitcoin during the quarter, demonstrating the significant volatility in the cryptocurrency market.

Although Tesla has not disclosed the specific amount of Bitcoin it holds, data from Arkham Intelligence indicates that it holds approximately 11,500 Bitcoins. This information had a noticeable impact on the market, with Tesla's quarterly net income reaching $2.3 billion, and its stock price rebounding 4.15% in after-hours trading.

This event not only highlights the importance of digital currencies in corporate finance but also raises market attention towards blockchain on-chain data and the market capitalization ranking of digital currencies.