Tesla Bitcoin Profits: New Rules Impact Microstrategy Tax Bill
Tesla Bitcoin profits have surged significantly, with the electric vehicle giant recently reporting a remarkable $600 million gain from its bitcoin holdings, which represented over a quarter of its net income in the fourth quarter of 2024.This financial windfall was made possible by a pivotal change in the Financial Accounting Standards Board (FASB) guidelines concerning cryptocurrency, allowing companies to reflect the current market value of their digital assets.