Here’s how Tesla’s 11,509 Bitcoin holdings affected Q4 profits – BitRss

• Tesla’s Bitcoin holdings surged by $600 million, reflecting new accounting rule benefits.
• Tesla’s net income growth highlights strong financial resilience.

Tesla’s latest earnings report highlights a significant boost from its Bitcoin [BTC ($105,052.66)] holdings, reflecting the impact of a new accounting rule that allows companies to adjust digital asset valuations based on market prices each quarter.

In Q4 2024, the electric vehicle giant reported a $600 million gain on its BTC reserves, with its total holdings standing at 11,509 BTC, valued at approximately $1.19 billion, according to Arkham Intelligence.

This marks a substantial increase from the previously recorded $184 million, underscoring Bitcoin’s growing influence on Tesla’s financial strategy. 

Impact of the new FASB rule 

For those unaware, the new Financial Accounting Standards Board (FASB)