Tesla reports $600M Bitcoin gain in Q4 using new accounting rule
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024. Source link
Fair Value Accounting for Bitcoin: FASB Rules Take Effect
As of today, the Financial Accounting Standards Board will put its fair value accounting rules on BTC and other eligible crypto assets into effect. Under the new rules, companies will measure crypto assets at fair value and update them at each reporting period in their financial statements. This will help companies realize both profits and […]
