Tesla Bitcoin Holdings Unrealized Gain Increases by $600 Million, Based on New Accounting Standard

BlockBeats News, January 30th, due to the new accounting standards allowing for quarterly revaluation of digital asset value at market price, Tesla recorded a $600 million unrealized gain on its Bitcoin holdings in the fourth quarter of 2024, increasing its digital asset holdings value to $1.076 billion.

In the fourth quarter of 2024, Bitcoin saw a growth of over 50%. Tesla did not disclose its Bitcoin holdings, but Arkham Intelligence data shows it holds approximately 11,500 bitcoins. As a result, Tesla's net income for the fourth quarter was $2.3 billion, and its stock price rebounded by 4.15% in after-hours trading.