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

Legally "Skim" $6,361 Into Your Account? - Ad

This Weekend Only: 3 Partners Enabling Nvidia's $24 Trillion Conquest - Ad

Global Demand for Defense Metals Is Surging 7X - Ad

Popular

French soccer federation hit by cyber-attack, member data stolen

PARIS (AP) — The French soccer federation has been hit by a cyber-attack that resulted in the theft of data relating to members, it said on Thursday.

JPMorgan Warns Brent Crude Could Plunge To $30s By 2027 On Global Oversupply

JPMorgan predicts sharp decline in oil prices, with Brent crude potentially dropping to $30/barrel by 2027 due to supply outpacing demand and increased production from non-OPEC+ countries.

85% Off Proven Crypto Timing Model - This Weekend Only!

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Juan Villaverde's crypto timing model has called every major market turn since 2012. It's now signaling the next big move, and he believes these coins could have big upside. With the market at a critical moment, you can access his latest signals this weekend for just $19.

Robinhood, Beyond Meat, Tilray Brands, ASML And SMX (Security Matters): Why These 5 Stocks Are On Investors' Radars Today

HOOD, BYND, TLRY, ASML, SMX were among the stocks seen trending among investors on Wednesday, Nov. 26, 2025.

Michael Burry Not Alone: Peter Andersen Dumped Nvidia Months Ago, Anticipating 'Accounting Questions'

Michael Burry isn't alone: Peter Andersen dumped Nvidia months ago, citing "accounting questions" and calling the AI boom a "fantasy."

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves - Ad

Over $24 trillion is at stake, and Nvidia is in a race to be the first... These companies hold the key to whether they pass or fail. And this weekend only, we are offering an opportunity to score access to Michael's latest picks... for just $19!

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Warren Buffett Only Has Couple Of Rules For People Who Want To Work For Him, But Here's One Habit He Particularly Detests

Buffett instructs Berkshire Hathaway employees to think like owners and report bad news immediately. He values long-term investments and integrity.

It's Time for Elon to Earn His $1 Trillion Payday

It's Time for Elon to Earn His $1 Trillion Payday - Ad

To collect, Musk has to deliver on his promise to unleash the "mind-blowing" technology Tesla insiders say will push the company into an entirely new market. But with Black Friday chaos sweeping the markets, almost no one sees what's coming. This is the stock we believe stands to benefit from Tesla's next major launch.

Dave Ramsey Co-Hosts Stunned As Caller Reveals Husband Hid Secret Auto Loan For Addicted Coworker For 3 Years

Caller's husband secretly co-signed $20,000 auto loan for addicted coworker. Ramsey's co-hosts warn of financial crisis, strained marriage.

Trump-Pardoned Ponzi Schemer Faces 37-Year Sentence For $44 Million COVID Scam

A previously convicted Ponzi schemer who had received a pardon from President Trump is heading back to prison due to involvement in a new fraudulent scheme.

Cyber Weekend Sale! 85% Off Disruptors and Dominators!

Cyber Weekend Sale! 85% Off Disruptors and Dominators! - Ad

Nvidia's robot breakthrough, unveiled by CEO Jensen Huang at CES, could spark a $24T revolution. He said the "ChatGPT moment" for robotics is near. I believe the lives of 65M Americans could be impacted - this year. And one $7 stock could be the biggest winner.

Joan Branson, wife of British billionaire Richard Branson, dies at 80

Joan Branson, the wife of British billionaire Richard Branson, has died at age 80.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

The End of Tesla? (Black Friday Briefing)

The End of Tesla? (Black Friday Briefing) - Ad

"Hold onto your Tesla stock." That's the message insiders are sharing as Tesla prepares to unveil a "mind-blowing" new product: one that has nothing to do with EVs... batteries... or self-driving cars. This is a radical pivot that could mark the end of Tesla as we know it and the birth of something much bigger.

China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President during recent talks with Chinese leader as they aimed to .

Shareholders of Union Pacific, Norfolk Southern support $85 billion rail merger

OMAHA, Neb. (AP) — Shareholders of Union Pacific and Norfolk Southern backed the railroads’ to create the nation’s first coast-to-coast rail network.

Why Is a $116B Mining Giant Backing a $10M Firm?

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Donald Trump Fueled Bitcoin's Rise Beyond $100,000 — Can BTC Survive His 2028 Exit?

Bitcoin (CRYPTO: BTC) may face its biggest political stress test yet in 2028 when President Donald Trump leaves office and the pro-crypto admin

Scott Bessent Says No 'Formal Proposal' Yet From Trump On Plan To Scrap Obamacare As President Pushes For Direct Payments

No formal proposal for Obamacare replacement plan seen by Treasury Secretary Bessent, despite Trump's call to redirect funds to Americans.

85% Off: Unlock the 5 gold stocks that could surge

85% Off: Unlock the 5 gold stocks that could surge - Ad

Gold pushed past $4,200, but our expert Sean Brodrick says the real opportunity could lie in a handful of stocks that may soar far beyond gold. He believes the biggest bull market is taking shape and thinks these five companies may have major upside. This weekend only, you can get all five names for just $19.

'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Crash In BTC, ETH, Gold, Silves Prices, But Says He's Buying, Not Selling: Here's Why

Robert Kiyosaki, author of “Rich Dad Poor Dad,” has shared his investment strategy amid predictions of an economic downturn.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Rand Paul Warns Of 'Farmageddon' As Tariffs Hit Farmers, Says Supreme Court Must Rein In Trump's Executive Tax Power

Sen. Rand Paul issued a warning about the impact of tariffs on farmers, calling them an unconstitutional exercise of presidential power.

Cipher Mining Stock Pops As JPMorgan Moves To Overweight

Cipher Mining shares are rising Monday after JPMorgan upgraded the stock to Overweight and raised its price target to $18.

This Weekend Only: 3 Partners Enabling Nvidia's $24 Trillion Conquest

This Weekend Only: 3 Partners Enabling Nvidia's $24 Trillion Conquest - Ad

Nvidia is charging into two seismic tech frontiers. But they can't do it alone. Nvidia needs three Silent Partners. Companies so critical, Nvidia's latest trillion-dollar pivot hinges on them. This weekend only, get access to the names of the three companies critical to Nvidia's latest pivot in 2026 for just $19!

Lebanon's most wanted drug trafficker taken into custody, authorities say

BEIRUT (AP) — Lebanon's most wanted drug trafficker was arrested Thursday after years on the run, authorities said.

Furor over editing of Trump speech sparks 'existential crisis' at the BBC

LONDON (AP) — The of two top bosses over the editing of a speech by U.S. President Donald Trump dealt a huge blow to the broadcaster, which is revered by some in Britain as a national treasure but derided by others as outdated and left-leaning.

Global Demand for Defense Metals Is Surging 7X

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Cameron Winklevoss Digs Up News Report From 2013 To Make A Point About Bitcoin: 'You Will Miss Out On The World's Greatest Opportunities...'

Gemini co-founder Cameron Winklevoss took potshots Sunday at the British daily newspaper Financial Times for its 12-year-old article that predicted Bitcoin (CRYPTO: BTC) would become the next “bubble.”

Trump Administration Is 'Built Different,' Says Polymarket CEO Shayne Coplan After Prediction Market Gets Green Light: 'Quiet Before The Storm'

Polymarket founder and CEO Shayne Coplan announced on Tuesday, November 25, that the prediction market platform has received approval from the Commodity Futures Trading Commission for intermediated trading in the U.S.

85% Off Proven Crypto Timing Model - This Weekend Only!

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Cipher Mining Amplified: New 2x ETF Lets Traders Double Down On Bitcoin Miner

CIFU ETF lets traders double their bet on Bitcoin miner Cipher Mining, one of the fastest-growing players in the U.S. crypto infrastructure sector.

China's pressure on Japan is a familiar tactic that could last for some time

BEIJING (AP) — Just days after China against traveling to Japan, the cancellations started.

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves

Thanksgiving Special: $19 for Nvidia's Biggest 2026 Moves - Ad

Deep in Trump country, coal miners with black lung say government is suffocating the 'working man'

OAK HILL, W.Va. (AP) — Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, ages, families and the intimate stories of each one’s scarred lungs. She worries about a whole community of West Virginia coal miners — including a growing number in their 30s and 40s — who come to her for help while getting sicker and sicker from what used to be considered an old-timer’s disease: black lung.

What's Going On With The Surge In Chipotle Stock Today?

Chipotle Mexican Grill Inc (NYSE:CMG) shares are trading higher on Tuesday. Here's a look at what's going on.

It's Time for Elon to Earn His $1 Trillion Payday

It's Time for Elon to Earn His $1 Trillion Payday - Ad

Peloton Stock Rallies After Q1 Earnings: Here's Why

Peloton stock climbs after the company released its first-quarter earnings report after Thursday's closing bell.

Trending Now