Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain

Quick Summary:

New FASB rules allow for corporate bitcoin owners to mark those assets to market.

Tesla holds 9,720 BTC, according to Bitcoin Treasuries, making it the sixth largest publicly traded company to hold bitcoin on its balance sheet.

Nevertheless, shares are higher by 3.5% in after hours trading.

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Article Details

Author / Journalist: James Van Straten, Stephen Alpher

Category: Crypto

Markets: United StatesCuba

Topics: Tesla Markets Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 21:35:52 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 227 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25612303

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Main Topics: Crypto

Official Website: coindesk.com

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