Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule

Aniket Verma

January 29, 2025

Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported an unrealized gain of $600 million on its cryptocurrency holdings in the fourth quarter.

What happened: Tesla’s balance sheet showed $1.07 billion in digital assets, up from $184 million from the last several quarters, according to the company’s earnings report released Wednesday after the market close.

The company also reported a mark-to-market gain of $600 million on digital assets in the fourth quarter. For context, this was 26% of the total income made by the Elon Musk-led firm in the quarter.

Note that Tesla doesn't provide a breakdown of its digital holdings. However, on-chain analytics firms have indicated that the entirety of their stockpile consists of Bitcoin (CRYPTO: BTC).

At the time of writing, Tesla held 11,509 BTC on its books, according to Arkham Intelligence, unchanged from last quarter. Tesla is the fourth-largest public company with Bitcoin on its balance sheet behind MicroStrategy, Marathon Digital Holdings, and Galaxy Digital Holdings, according to Coingecko data.

See Also: Robinhood CEO Vlad Tenev Pushes For Tokenization To Unlock Private Companies Like SpaceX And OpenAI For More Investors

Why It Matters: The inflated value follows the new accounting standard for cryptocurrencies, enabling firms to report their holdings at market value and include them in the company's net income.

Before the mark-to-market standards, companies had to account for impairment charges, accounting for only the unrealized losses but not the gains.

Tesla’s Bitcoin journey began in January 2021, when it first acquired $1.5 billion worth of the leading cryptocurrency.

Tesla reported lower-than-expected fourth-quarter revenue of $25.71 billion, up 2% year-over-year.

Price Action: At the time of writing, Bitcoin was exchanging hands at $103,969.15, up 2.13% in the last 24 hours, according to data from Benzinga Pro.

Shares of Tesla were up 4.15% in after-hours trading after closing down 2.26% at 389.10 during Wednesday's regular trading session.

Photo by Rcc_Btn on Shutterstock

Read Next:

Polymarket Bets Turn Bullish On 2025 Dogecoin ETF After Bitwise Move

Recommended

Trump's Final Reset - Ad

Could MicroLEDs Mirror OLED's Rise? - Ad

Elon + Nvidia + ????? - Ad

The genetic testing company , prompting people who’ve used the service and sent in DNA samples to be analyzed to wonder what will happen to their genetic data.

The US Postal Service has been struggling for years. Now Trump's talking about privatizing it

is facing an uncertain future after the resignation this week of and the suggestion by President Donald Trump and Elon Musk, who heads the Department of Government Efficiency, that the mail service

No.1 Pre-IPO Opportunity for 2025 [Take Action Now!]

No.1 Pre-IPO Opportunity for 2025 [Take Action Now!] - Ad

Starlink's IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Judge orders a June trial for US government's felony case against Boeing

A federal judge in Texas has set a June trial date for the U.S. government's years-old conspiracy case against Boeing for misleading regulators about jetliner before two of the planes crashed, killing 346 people.

Is Amazon's Valuation 'More Attractive' Than Ever Before? Analyst Says It's Time To 'Aggressively' Buy His 'Favorite' Stock

Evercore ISI's Mark Mahaney sees upside for Amazon from current levels, and he has a history of being right about the trajectory of the tech stock.

Trump's Next Move

Trump's Next Move - Ad

First it was MAGA, then MAHA, now MARA. New video reveals what Trump's greatest plan yet. Presidential insider exposes shocking plot to reshape U.S. economy.

Donald Trump's Bitcoin Bust: Why Did BTC Perform Better During Joe Biden's First Two Months?

President Donald Trump's open embrace of Bitcoin (CRYPTO: BTC) — including the launch of a government-backed strategic reserve and his involvement in World

â€˜The Studioâ€™ is the defining portrait of modern Hollywood

NEW YORK (AP) — The studio head has historically been seen as a fearsome and all-powerful figure, capable of ending a career with the snap of a finger or changing lives with an impulsive greenlight. In “The Studio,” though, studio chief is more than Louis B. Mayer.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

South Africa president says persecution of whites a 'false narrative' as Musk repeats genocide claim

CAPE TOWN, South Africa (AP) — South African President Cyril Ramaphosa said Monday the claim that in his country is a “completely false narrative.” It was his latest attempt to push back against allegations made by , and some white minority groups in South Africa.

UAE Pledges $1.4 Trillion Investment In US Tech, Energy, And Manufacturing: Trump And Sheikh Tahnoon Strengthen Strategic Ties

UAE announces a $1.4 trillion investment in U.S. tech, energy, and manufacturing, strengthening ties with President Trump during Sheikh Tahnoon's visit.

Action Needed: Money Saved for Retirement? It Could Be at Risk...

Action Needed: Money Saved for Retirement? It Could Be at Risk... - Ad

Discover the 2025 IRS Loophole that thousands of Americans are using to help protect and diversify their retirement savings with gold and silver! 100% Tax & Penalty Free!

Elon Musk Warns Pentagon Leakers Following Exposé on Alleged Secret China War Briefing: 'They Will Be Found'

Elon Musk has issued a public threat to Pentagon employees suspected of leaking information about an alleged briefing on sensitive materials involving a potential U.S. war with China.

States team up to defend green transportation projects targeted by Trump

CHICAGO (AP) — Hundreds of bicycle advocates were at an annual summit this month in Washington, D.C., when their cellphones lit up over breakfast with an urgent email warning that President Donald Trump's had just halted federal for bike lanes.

Elon Musk's Memphis Secret... Revealed

Elon Musk's Memphis Secret... Revealed - Ad

What's happening inside this nondescript building in South Memphis is so incredible... That Elon's competitors have been flying drones over this place... Trying to get any kind of intel on his project. Tech legend Jeff Brown went there to investigate and what he found is truly a matter of national security.

Lockheed Martin Stock Dips As BofA Analyst Lowers EPS Estimates, Forecast After Air Force Contract Setback

Lockheed Martin's stock downgraded and price forecast cut after losing $20 billion contract to Boeing for Next Generation Air Dominance program.

Malaysia approves a new search for MH370 more than a decade after the plane disappeared

KUALA LUMPUR, Malaysia (AP) — Malaysia’s government has given final approval for a Texas-based marine robotics company to renew the search for Malaysia Airlines Flight 370, which is believed to have crashed in the southern Indian Ocean more than a decade ago.

Trump's Final Betrayal

Trump's Final Betrayal - Ad

Exposed: the shocking economic plot to "reset" the U.S. economy and redistribute trillions of dollars in wealth.

Wall Street Drop Deepens As Trade War Fears Escalate, S&P 500 Hits 7-Month Lows: What's Driving Markets Tuesday?

Nasdaq 100 drops 0.6%, S&P 500 slides to 7-month low, Dow Jones industrials underperform.

Eyeing China threat, Trump announces Boeing wins contract for secretive future fighter jet

WASHINGTON (AP) — President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China.

Crypto Does WHAT to Retirement Accounts?

Crypto Does WHAT to Retirement Accounts? - Ad

If you're thinking about retirement... THIS is what crypto does to retirement accounts. Best-selling author and hedge fund manager James Altucher reveals the details.

Kenya-based content moderators mourn Nigerian colleague who 'was desperate to go home'

NAIROBI, Kenya (AP) — Technology workers in Kenya held a vigil Tuesday for a colleague who died in unclear circumstances after she was unable to travel to her home in Nigeria for two years.

How a touristy Florida beach town dubbed 'the nation's oldest city' became a top US remote work hub

ST. AUGUSTINE, Fla. (AP) — Lori Matthias and her husband had tired of Atlanta traffic when they moved to St. Augustine, Florida, in 2023. For Mike Waldron and his wife, moving from the Boston area in 2020 to a place that bills itself as “the nation's oldest city” was motivated by a desire to be closer to their adult children.

Elon Musk's New Project... Revealed

Elon Musk's New Project... Revealed - Ad

You won't believe what Elon Musk is hiding... Inside this facility in the middle of an industrial zone of Memphis, right next to a decommissioned coal plant.

Fartcoin Explodes 88% In Seven Days, Flips Dogwifhatâ€”The Next PEPE Of 2025?

Fartcoin (CRYPTO: FARTCOIN) has emerged as one of the biggest meme coin gainers on Monday, skyrocketing 100% over the past week and overtaking Dogwifhat (CRYPTO:

Canada's new prime minister is triggering an election campaign this weekend. Hereâ€™s what to know

TORONTO (AP) — Canadian Prime Minister is expected to trigger the process for an early parliamentary election this weekend for an expected vote on April 28.

The DOGE Shock: Nine Stocks to Buy

The DOGE Shock: Nine Stocks to Buy - Ad

They say that DOGE's real agenda could shock the entire stock market in the coming days - sending a handful of widely unknown stocks soaring. And they've compiled the definitive investment playbook for anyone who wants the opportunity to capitalize.

FTC asks judge to delay Amazon trial due to resource constraints

The Federal Trade Commission asked a federal judge on Wednesday to delay a trial in a case of using deceptive practices in its Prime subscription program, citing staffing and budgetary challenges at the government agency.

Europe and Canada are eyeing alternatives to American-made fighter jets. Here's why

BERLIN (AP) — Questions are mounting in Canada and in Europe over whether big-ticket purchases of high-end U.S. weaponry, such as the F-35 Joint Strike Fighter, are still a wise strategic choice for Western countries worried about their investment in U.S. defense technology.

"I Thought We Had More Time..."

"I Thought We Had More Time..." - Ad

I've spent 44 years on Wall Street. I'm deep inside the upper echelon of technology and finance... managing billions of dollars for some of the wealthiest people in this country. I've seen what comes next for AI. And frankly... It terrifies me.

Edmunds: 2025 Honda CR-V vs. 2025 Subaru Forester

The is a redesigned model, but Subaru didn’t exactly stray from the formula of the last generation. It’s still a boxy small SUV with great visibility, adventure-ready versatility, and a no-nonsense approach to interior design. Its many upgrades for 2025 help keep it competitive, but how does it fare against the class best?

Charlie Munger's Investment Wisdom: 'If People Weren't So Often Wrong, We Wouldn't Be So Rich'

Charlie Munger, a long-standing associate of Warren Buffett, once shed light on his investment strategy, highlighting the significance of learning from errors and managing anticipations.

DOGE Could Send 6 AI Stocks Through the Roof

DOGE Could Send 6 AI Stocks Through the Roof - Ad

Expect an announcement from Elon any day now ...Thousands of government jobs could be replaced ...By a new form of AI. This one move could save American taxpayers billions of dollars. And we believe six specific stocks could soar as a result.

Palantir Calls For 'Software-First Approach' As Pentagon Spends Under 1% On Modern Warfare

Palantir Technologies Inc. Senior Counselor Samantha Clark has urged the Pentagon to embrace commercial software solutions or risk lagging behind global adversaries in an increasingly data-driven battlefield.

Bitcoin, Ethereum, Dogecoin Recover On Strategic Reserve Bill In Congress: Top Analyst Foresees BTC's 'Swift Move' To $88,000-$92,000 If This Happens

Leading cryptocurrencies bounced back Tuesday after a Strategic Bitcoin Reserve bill was tabled in the House of Representatives.

What Trump's New Wealth Fund Could Mean for Your Money

What Trump's New Wealth Fund Could Mean for Your Money - Ad

His recent Executive Order outlines a plan to create America's first national Sovereign Wealth Fund. President Trump has put the world on notice. This new Sovereign Wealth Fund may be coming - perhaps in as little as the next 90 days. Take advantage of the time you have to prepare.

Taiwan says chipmaker's move to invest $100 billion in the US wasn't because of US pressure

TAIPEI, Taiwan (AP) — Taiwan's president and top chipmaker TSMC held a joint news conference Thursday to defend the company's decision to invest $100 billion in the U.S., saying it stemmed from customer demand and not pressure from the Trump administration.

Elon Musk Says Ukraine Behind 'Massive Cyberattack' On X: 'We're Not Sure Exactly What Happened...'

Elon Musk stated that the reported "massive cyberattack" that his social media account X faced on Monday is suspected to have originated from Ukraine.

Washington Won't Save You--but This 4-Step Plan Might

Washington Won't Save You--but This 4-Step Plan Might - Ad

America's economy is unraveling--soaring costs, skyrocketing debt, and Wall Street insiders dumping stocks. This isn't a recession--it's an economic breakdown. Stocks could crash 50%, real estate 40%, and inflation will eat your savings. But history shows: the biggest crashes create the biggest fortunes--if you act now!

Honduras holds primaries as voter frustration simmers over security and the economy

TEGUCIGALPA, Honduras (AP) — Voters in Honduras will select candidates from the three main parties Sunday to compete in November’s general election for the presidency in a country that remains deeply polarized, but skeptical of leaders from the left and right who have failed to deliver on improving security and the economy.

Trending Now