{"id":10466,"date":"2025-01-30T11:48:54","date_gmt":"2025-01-30T11:48:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10466"},"modified":"2025-01-30T11:48:54","modified_gmt":"2025-01-30T11:48:54","slug":"tesla-reports-600m-bitcoin-gain-in-q4-2024-under-new-accounting-rules","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10466","title":{"rendered":"Tesla Reports $600M Bitcoin Gain In Q4 2024 Under New Accounting Rules"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Tesla has reported a $600 million gain from its Bitcoin holdings in the fourth quarter of 2024, benefiting from new accounting standards that allow companies to record the market value of digital assets on their books.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to Tesla\u2019s Q4 2024 earnings report, released on 29 January 2025, the company valued its Bitcoin holdings at just over $1 billion, a significant increase from the $184 million it recorded in previous quarters. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Tesla\u2019s total Bitcoin stash now stands at 9,720 BTC, according to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/bitcointreasuries.net\/entities\/tesla\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Bitcoin Treasuries<\/span><\/a><span data-preserver-spaces=\"true\">. Tesla\u2019s average purchase price per Bitcoin stands at $34,722, and with Bitcoin\u2019s recent surge in value, the company\u2019s holdings have yielded a profit of 203.03%<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING NEWS: Tesla Holds Steady on its <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> Investment, Keeping 9,720 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a><a href=\"https:\/\/twitter.com\/search?q=%24doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$doge<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24eth&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$eth<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24xrp&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$xrp<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24sol&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$sol<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ada&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ada<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24bnb&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$bnb<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24elon&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$elon<\/a> <a href=\"https:\/\/t.co\/H4cahiDAWs\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/H4cahiDAWs<\/a><\/p>\n<p>\u2014 BITCOIN<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f9e8.png\" alt=\"\ud83e\udde8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">A1MILLON (@Bitcoina1millon) <a href=\"https:\/\/twitter.com\/Bitcoina1millon\/status\/1884721872366883141?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">FASB Rule Change Drives Tesla\u2019s Bitcoin Gains<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The gain <\/span><span data-preserver-spaces=\"true\">is a result of<\/span><span data-preserver-spaces=\"true\"> a rule change by the Financial Accounting Standards Board (FASB), which came into effect in December 2023. The new rule allows corporate holders of cryptocurrencies to report digital assets at their market value, aligning financial statements more closely with actual asset valuations.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Under previous accounting standards, companies holding crypto assets were required to record losses if the value of their holdings declined within an accounting period. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, increases in market value could not be reflected in financial statements until the assets were sold. This often led to discrepancies between a company\u2019s reported financials and the actual market value of its digital assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Tesla\u2019s fourth-quarter results show a GAAP income of $2.3 billion, with the Bitcoin gains playing a key role in boosting its financial position.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the company still missed Wall Street estimates, reporting total revenues of $25.71 billion, which marked a 2% year-over-year increase but fell short of analysts\u2019 expectations of $27.22 billion.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, Tesla missed its profit estimates, reporting earnings per share (EPS) of $0.73, below the $0.76 <\/span><span data-preserver-spaces=\"true\">that analysts<\/span><span data-preserver-spaces=\"true\"> had forecasted. The company\u2019s operating expenses rose 9% from the previous quarter, reaching $2.59 billion in Q4 2024.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Tesla\u2019s Stock Performance And Bitcoin Strategy<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Following the earnings release, Tesla\u2019s stock (TSLA) closed down 2.26% on Jan. 29, though it saw a 4.44% after-hours rally, reaching $406.36, according to Google Finance. Over the past year, Tesla\u2019s share price has surged by 103.79%, peaking at an all-time high of $479 on Dec. 17.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Tesla first invested in Bitcoin in February 2021, accumulating 42,902 BTC before selling 75% of its holdings in July 2022. The sale of over 30,000 BTC generated $936 million at the time.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Tesla is among several companies incorporating Bitcoin as a treasury asset, a strategy pioneered by MicroStrategy, which currently holds 471,000 BTC worth $48 billion, according to Saylor Tracker.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other firms, including Semler Scientific, Genius Group, and Rumble, have <\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> added Bitcoin to their corporate balance sheets, reinforcing the growing trend of businesses adopting digital assets.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/tesla-reports-600m-bitcoin-gain-in-q4-2024-under-new-accounting-rules\/\">Tesla Reports $600M Bitcoin Gain In Q4 2024 Under New Accounting Rules<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tesla has reported a $600 million gain from its Bitcoin holdings in the fourth quarter of 2024, benefiting from new accounting standards that allow companies to record the market value of digital assets on their books. According to Tesla\u2019s Q4 2024 earnings report, released on 29 January 2025, the company valued its Bitcoin holdings at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10466","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10466"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10466\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}