Tesla Reports $600 Million Unrealized Gain on Bitcoin Holdings Amid New Accounting Standards

On January 30th, COINOTAG News reported a significant shift in Tesla’s financial landscape, attributable to recent accounting standards that facilitate quarterly revaluation of digital asset values. In the fourth quarter of 2024, Tesla realized an impressive $600 million unrealized gain on its Bitcoin holdings, raising the total value of its digital assets to $1.076 billion. During this period, Bitcoin experienced a robust growth of over 50%, further enhancing Tesla’s financial position. Although Tesla has not publicly disclosed the specifics of its Bitcoin holdings, Arkham Intelligence estimates that the company possesses roughly 11,500 bitcoins. Consequently, Tesla’s net income surged to $2.3 billion for the same quarter, leading to a notable 4.15% rebound in its stock price during after-hours trading. This data underscores the increasing integration of cryptocurrency into mainstream corporate finance.