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

[OCTOBER 16] Reagan's Most Quoted Author Issues Final Warning - Ad

The Tesla Shock Nobody Sees Coming - Ad

October 16: D-Day For The Dollar - Ad

A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure.

Cathie Wood Warns Wall Street Is Missing AI's Biggest Opportunity In Healthcare, Calling It 'Sleeper' Investment Poised For Massive Returns

Cathie Wood, CEO of Ark Invest, believes healthcare is the most profound application of AI and Wall Street is overlooking its potential.

Trump's Backing Oil. Nvidia's Powering A.I.

Trump's Backing Oil. Nvidia's Powering A.I. - Ad

There's a new kind of power play happening in the Middle East. Trump helped broker it. Nvidia's chips are driving it. Saudi money is funding it. But here's what the media missed: A tiny U.S. energy company could be the biggest winner of the A.I. + energy boom. You can still get in before the floodgates open.

Dave Ramsey Doesn't Mess Around With Bitcoin Or Gold, Says 'I Have Three Investments' — Here's What They Are

Personal finance expert Dave Ramsey has long dismissed crypto, gold and single-stock investing, calling them risky distractions — but new research shows that his disciplined mutual fund approach may have cost him market-beating returns.

Ryder Cup 2025 Tees Off With $200 Million Economic Boost: Stocks To Watch

The 2025 Ryder Cup teed off at Bethpage State Park on Long Island Friday, drawing over 250,000 fans and expected to deliver a $200 million economic boost to New York State and surrounding businesses.

Why Is Wall Street Moving Their Money Overnight?

Why Is Wall Street Moving Their Money Overnight? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Doug Lebda, Founder And CEO Of LendingTree, Dies In ATV Accident

The founder and CEO of LendingTree, tragically passed away this past weekend.

Slovak leader announces a deal with US on a new nuclear reactor

BRATISLAVA, Slovakia (AP) — Slovakia’s populist Prime Minister Robert Fico said Tuesday his government has approved an agreement with the United States to build an additional nuclear reactor.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

MP Materials Tops List For Rare Earth Exposure, Says Analyst

Rare earth stocks are gaining attention as demand for magnets in EVs, robotics, and advanced air mobility is set to double by 2035.

Short Squeeze in Silver and Rare Earths, Taco Traders Euphoric, Trump Seeks Diplomatic Path

To gain an edge, this is what you need to know today.

Could $1 Stock Be Sitting on a Billion-Dollar Discovery?

Could $1 Stock Be Sitting on a Billion-Dollar Discovery? - Ad

This $1 stock has already made its mark with a listing on the prestigious NYSE. Now, it's sitting on prime land in one of America's richest gold districts, with the potential for a billion-dollar discovery. For savvy investors, this may be a $1 "Golden Ticket" to massive returns.

Steve Jobs Taught Guy Kawasaki Don't Make Things 'Slightly Better' — Here Is What The Apple Co-Founder Thought About Big Changes And Big Money

Guy Kawasaki learned from Steve Jobs that the biggest impact comes from bold leaps, not small tweaks. Being mission-driven is key to success.

White House Accuses Nobel Committee Of 'Politics Over Peace' After Trump Snubbed For Prize Won By Venezuelan Activist María Corina Machado

The White House criticized the Nobel Committee for what it called a political decision to deny President Donald Trump the Nobel Peace Prize.

These AI Stocks May Cause Massive Wealth

These AI Stocks May Cause Massive Wealth - Ad

A new set of 7 AI stocks are dominating the market. Here's why one financial guru says they could be the most famous companies in the world by 2030.

Why Is Scholar Rock Stock Trading Lower On Monday?

Scholar Rock stock falls as FDA issues Form 483 to Catalent; company to meet FDA, while apitegromab shows lean mass preservation in trial.

Louisiana's $3B power upgrade for Meta project raises questions about who should foot the bill

HOLLY RIDGE, La. (AP) — In a rural corner of Louisiana, Meta is building one of the world's largest data centers, a as big as 70 football fields that will consume more power in a day than the entire city of New Orleans at the peak of summer.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Trump administration puts on hold $18 billion in funding for New York City infrastructure projects

WASHINGTON (AP) — President Donald Trump's administration said Wednesday it was putting a hold on roughly $18 billion to fund beneath the Hudson River between New York City and New Jersey and the city's expanded project because of .

Canada Post union launches nationwide strike as government moves to end most door-to-door mail

OTTAWA, Ontario (AP) — The Canadian Union of Postal Workers on Thursday declared a countrywide strike at the national postal service, hours after the federal government announced that door-to-door mail delivery would end for nearly all households within the next decade.

Central Banks Demand More Gold - This $1 Firm Could Supply It

Central Banks Demand More Gold - This $1 Firm Could Supply It - Ad

This tiny company is currently sitting on one of America's largest deposits of gold... land that was hidden away from the public for over 60 years. With Central Banks demanding gold to combat inflation - miners like this one show huge potential for investors

Trump's Crypto Czar, Mideast Envoy Under Scrutiny As Elissa Slotkin Seeks Probe Into David Sacks, Steve Witkoff's Alleged UAE Crypto Gains

Sen. Elizabeth Warren (D-Mass.) and Sen. Elissa Slotkin (D-Mich.) demanded an investigation Wednesday into potential conflicts of interest concerning Trump administration officials David Sacks and Steve Witkoff, and their association with the World Liberty Financial cryptocurrency venture.

Demand For Electric Pickup Trucks Soar In Q3, Except If You're Tesla

New data shows the top-selling EV brands and companies for the U.S. in the third quarter. Strong demand for electric pickup trucks benefits several companies.

[OCTOBER 16] Reagan's Most Quoted Author Issues Final Warning

[OCTOBER 16] Reagan's Most Quoted Author Issues Final Warning - Ad

President Reagan quoted George Gilder more than any other living author. He gave Gilder's books to cabinet members. The reason? Gilder could see the future before anyone else. Now Gilder says an October 16 announcement will confirm his latest prediction.

Silver Nears $50 Amid Inventory Crisis, Outpacing Gold

Silver prices closed last week at multi-year highs, coming within reach of their 2011 peak of $49.95 per ounce.

Broadcom's Big AI Move In Japan Could Slash Data Center Power Use By Half

Broadcom and NTT collaborate to develop advanced optical chips by 2026 to reduce energy demands of AI data centers.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Senate confirmation of Trump nominee cements his shake-up of top civil rights agency

The Senate confirmed President Donald Trump's pick to fill a critical vacancy at the top agency for worker rights, restoring it to the full power needed to deepen his overhaul of civil rights enforcement.

EPAM Joins Oracle To Boost AI And Cloud For Businesses

EPAM deepens partnership with Oracle to help companies in various sectors adopt OCI and AI services, leveraging their expertise.

October 16: D-Day For The Dollar

October 16: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on October 16. Investors who make the right moves before then could make up to 40X by 2032...

NIO Stock Soars Past 52-Week High After Record Deliveries

NIO stock rises on strong September and Q3 deliveries, reaching record numbers and surpassing 52-week high.

Macron is set to appoint a new French prime minister in last-ditch move to tackle turmoil

PARIS (AP) — After a week of intense political turmoil, French President is set to appoint a new prime minister Friday in his latest bid to break the political deadlock that has gripped the country for more than a year, as France struggles with mounting economic challenges and ballooning debt.

Trump's Backing Oil. Nvidia's Powering A.I.

Trump's Backing Oil. Nvidia's Powering A.I. - Ad

12 Communication Services Stocks Moving In Friday's After-Market Session

Gainers LQR House (NASDAQ: YHC) stock increased by 13.8% to $0.92 during Friday's after-market session. The market value of their outstanding shares is at $8.4 million. Moving iMage Technologies (AMEX:MITQ) stock increased by 7.44% to $1.01.

AST SpaceMobile Stock Surges After Hours Amid BlueBird Satellite Production Update

AST SpaceMobile's stock surged 9.49% in after-hours trading on Tuesday, following news of its upcoming satellite launches.

Why Is Wall Street Moving Their Money Overnight?

Why Is Wall Street Moving Their Money Overnight? - Ad

Patrick Zalupski's group closes on its purchase of the Tampa Bay Rays

NEW YORK (AP) — A group led by Florida-based real estate developer Patrick Zalupski closed on its purchase of the Tampa Bay Rays on Tuesday, finalizing the sale of the team from former owner Stuart Sternberg.

News organizations, including Hegseth's former employer Fox, reject new Pentagon reporting rules

Fox News, the former employer of Defense Secretary Pete Hegseth, has joined a near-unanimous outpouring of news organizations rejecting new rules for journalists based in the Pentagon.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

$1000 Invested In Alnylam Pharmaceuticals 5 Years Ago Would Be Worth This Much Today

Alnylam Pharmaceuticals (NASDAQ: ALNY) has outperformed the market over the past 5 years by 10.45% on an annualized basis producing an average annual return of 25.22%. Currently, Alnylam Pharmaceuticals has a market capitalization of $57.78 billion.

Trending Now