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Hosted on MSNTesla made $600 million in Bitcoin profits during Q4 of 2024Elon Musk’s company Tesla made a killing with Bitcoin, pulling in a $600 million profit in the fourth quarter of 2024 without ...
Crypto on The Street on MSN12d
Tesla did not increase its Bitcoin holdings but reports $600 million Q4 gainsTesla’s latest SEC filing confirms it still holds 11,509 BTC, valued at $1.1 billion, but has not increased its Bitcoin ...
Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...
Bitcoin made up a big chunk of Tesla's profits last quarter because of an accounting rule change that allowed the automaker to report its unrealized gains on the cryptocurrency as income in its ...
Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few days later, Tesla took a step ...
Elon Musk owns Bitcoin, Ethereum, and Dogecoin, with the DOGE being his favorite c. What else do we know about Musk’s crypto ...
"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 ...
Bitcoin fared quite well in 2024 against traditional assets like bonds, gold, real estate, and the equity market as a whole.
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Cryptopolitan on MSNThanks to Trump, Corporate America can’t avoid Bitcoin nowSelf-proclaimed ‘crypto president’ Donald Trump is forcing corporate America to face the Bitcoin question, whether companies ...
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.
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