The electric vehicle manufacturer, Tesla, reported that his Bitcoin holdings have generated a gain of 600 million dollars in the fourth quarter of 2024.
This result published in your last quarter report of 2024, is due to a Modification in accounting rules which allows companies to adjust the value of their digital assets at the market price each quarter.
The new regulations, promoted by the Financial Accounting Standards Board (FASB), entered into force this year and replaces the previous method, which, which forced to report the value of cryptoactives according to the lowest price registered during their possession.
With this change, companies can with greater precision the real value of their investments in digital assets.
Tesla among companies with more bitcoin in their treasury
With the accounting update, The value of Tesla digital assets increased to 1,076 million dollars at the end of 2024, from the 184 million of the previous quarter.
This increase reflects the rise in Bitcoin’s price, which experienced growth of more than 50% in the last three months of the year, promoted by factors such as Donald Trump’s re -election and the growing adoption of Bitcoin ETF to cash.
Currently, Tesla Maintain 11,509 BTC In his treasury, according to Arkham Intelligence data, which lA position as the sixth public company with the greatest amount of bitcoinbehind companies such as Microstrategy and Marathon and Riot Platforms.
Strategic movements and accumulation of Bitcoin
Tesla entered the Bitcoin market in 2021 with a purchase of 1.5 billion dollars in the digital currency. Subsequently, in 2022, the company sold most of its holdings, although it retained a significant fraction, as reported by cryptootics.
In October 2023, Tesla redistributed its 11,509 BTC in new wallets, Without transferring them to Exchanges, indicating that the company still has no plans to get rid of these assets.
Despite its reserved position regarding the cryptoactive, Tesla remains a relevant actor in the Bitcoin ecosystem, especially with the recent revaluation of its investment.
A market in transformation
Bitcoin renewed his historical maximums, reaching 109,114 dollars per unit before Trump’s possession on January 20. This context He has favored companies with cryptoactive holdings, such as Tesla, whose balance has reflected the effects of the new accounting regulation.
As the Bitcoin market evolves and regulations adapt, the role of companies with large cryptocurrency reserves will continue to be a key factor in the stability and growth of the digital financial sector.