Tesla has reported a gain of $ 600 million of its Bitcoin holdings in the fourth quarter of 2024, benefiting from the new accounting standards that allow companies to record the market value of digital assets in their books.
According to the Professor Report of the Fourth Quarter of Tesla 2024, published on January 29, 2025, the company valued its Bitcoin holdings in just over $ 1 billion, a significant increase of the $ 184 million it registered in previous quarters.
Tesla’s total bitcoin driver is now at 9,720 BTC, according to Bitcoin treasures. The average purchase price of Tesla by Bitcoin is $ 34,722, and with the recent increase in Bitcoin value, the company’s holdings have given a profit of 203.03%
Breaking News: Tesla remains stable in your #Bitcoin Investment, maintaining 9,720 $ BTC$ dux $ Eth $ XRP $ sun $ ADA $ BNB $ elon pic.twitter.com/h4cahidaws
– Bitcoin
A1Millon (@bitcoin1millon) January 29, 2025
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Fasb rule change drives Bitcoin’s profits from Tesla
The gain is the result of A rule change from the Board of Financial Accounting Standards (FASB), which entered into force in December 2023. The new rule allows corporate cryptocurrency holders to inform digital assets to their market value, aligning the most closely financial statements with the assessments of real assets.
According to the previous accounting standards, companies that had cryptography assets had to register losses if the value of their holdings decreased within an accounting period.
However, increases in the market value could not be reflected in the financial statements until the assets were sold. This often led to discrepancies between the informed finances of a company and the real market value of its digital assets.
The results of the fourth quarter of Tesla show a GAAP income of $ 2.3 billion, with Bitcoin profits that play a key role in increasing their financial position.
However, the company still lost the estreet estreet estimates, which reported total revenues of $ 25.71 billion, which marked an increase of 2% year after year, but did not reach the expectations of analysts of $ 27.22 billion.
In addition, Tesla lost its profit estimates, informing profits per share (EPS) of $ 0.73, below $ 0.76 What analysts He had predicted. The company’s operational expenses increased by 9% compared to the previous quarter, reaching $ 2.59 billion in the fourth quarter of 2024.
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The performance of Tesla’s actions and Bitcoins strategy
After the launch of the profits, the shares of Tesla (TSLA) closed 2.26% on January 29, although he saw a rally of 4.44% after hours, reaching $ 406.36, according to Google Finance. During the past year, the price of Tesla shares increased by 103.79%, reaching its maximum point in a historical maximum of $ 479 on December 17.
Tesla first invested in Bitcoin in February 2021, accumulating 42,902 BTC before selling 75% of its holdings in July 2022. The sale of more than 30,000 BTC generated $ 936 million at that time.
Tesla is among several companies that incorporate Bitcoin as an asset of the Treasury, a pioneer strategy by Microstrategy, which currently owns 471,000 BTC worth $ 48 billion, according to Saylor Tracker.
Other companies, including Semler Scientific, Genius Group and Rumble, have also Bitcoin was added to his corporate balances, reinforcing the growing trend of companies that adopt digital assets.
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The Tesla publication reports a Bitcoin gain of $ 600 million in the fourth quarter of 2024 under the new accounting rules first appeared in 99Bitcoins.
