Tesla Revalues Bitcoin Holdings Under New Accounting Rules, Reports $600M Gain in Q4 – BitRss

Tesla reported a $600 million gain on its Bitcoin holdings in the fourth quarter after adopting a new accounting rule that allows companies to value digital assets at market prices each quarter.

The electric vehicle maker’s Bitcoin holdings stand at 11,509 BTC ($103,797.91), according to Arkham Intelligence data, with its value estimated at $1.19 billion based on current market prices. 

Tesla, however, did not disclose its Bitcoin holdings in its Q4 2024 report, referring only to a $600 million mark-to-market gain on “digital assets.” 

Its gain reflects an accounting adjustment under new reporting rules, which raised Tesla’s reported digital asset value to $1.076 billion from $184 million—the previously impaired value recorded under older accounting rules.

The Financial Accounting Standards Board introduced the new rule update in December 2023, requiring companies to report digital assets at their fair market value rather than at their lowest recorded price since purchase. …