In a significant financial update, Tesla has reported a $600 million paper gain from its bitcoin holdings in the fourth quarter. This remarkable development comes as a result of new accounting rules that have impacted how digital asset holdings are recorded.
As a result of these changes, Tesla's digital asset holdings soared to $1.076 billion at the end of 2024, a sharp increase from the $184 million recorded in the previous quarter. This substantial uptick highlights the influence of new financial regulations on the accounting of digital assets for major corporations.
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