Tesla Gains $600 Million from Bitcoin Holdings Due to New Accounting Standards
- Tesla’s digital assets are now valued at $1.08 billion.
- The company reported a $600 million boost in its quarterly earnings.
- This increase is due to revised accounting rules for digital assets.
- The gain reflects a mark-to-market adjustment of Tesla’s bitcoin holdings.
Tesla Inc. has experienced a significant financial uplift, with its digital assets now totaling $1.08 billion and contributing an additional $600 million to its earnings, following changes in accounting standards for such holdings.
Source (2.6)https://news.bitcoin.com/tesla-sees-600-million-boost-in-bitcoin-holdings-under-new-accounting-standards/?rand=52384
