Tesla’s Bitcoin Holdings Added $600M Gains to Q4 Earnings 🚀
Tesla, led by Elon Musk, reported an impressive $600 million gain attributed to its Bitcoin holdings, benefiting from a new accounting rule. This rule enables companies to reflect the market value of their crypto assets in financial statements.
The Q4 results released by Tesla indicate substantial profits stemming from its strategic investments in Bitcoin, further showcasing the company's triumph in leveraging cryptocurrency assets effectively.
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