In Q4 2024, Tesla posted a $600 million gain thanks to changes in accounting rules that allow companies to include the market value of their Bitcoin holdings on their balance sheets.
This increase was reflected in its fourth quarter financial report, which showed that Tesla's Bitcoin holdings, valued at $1 billion, had increased significantly from previous quarters, when it was only recorded at $184 million.
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According to Bitcoin Treasuries, this translated into a net gain of $589 million in BTC holdings for the quarter, with a total of 9,720 BTC.
These changes were made possible by a new Financial Accounting Standards Board rule implemented in mid-December 2023, which allows corporate holders of cryptocurrencies to include their estimated market value on their balance sheets.