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Tesla Sees $600 Million Boost in Bitcoin Holdings Under New Accounting Standards

According to revised accounting standards, Tesla’s digital assets now amount to $1.08 billion, indicating a mark-to-market gain from its bitcoin holdings. Unrealized Bitcoin Gains of $600 Million Added to Tesla’s Earning...

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Tesla Sees $600 Million Boost in Bitcoin Holdings Under New Accounting Standards
According to revised accounting standards, Tesla’s digital assets now amount to $1.08 billion, indicating a mark-to-market gain from its bitcoin holdings. Unrealized Bitcoin Gains of $600 Million Added to Tesla’s Earnings Tesla Inc. has reported a $600 million boost in its latest quarterly results, attributed to a recent change in accounting rules for digital assets. […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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