While Tesla explained the fourth quarter financial consequences, a significant increase in the value of Bitcoin assets announced. The company reported that crypto assets, which were shown as $ 184 million during the last four quarters, rose to $ 1.08 billion in December. This sharp increase was as a result of the new rule of rule of the Board of Financial Accounting Standards (FASB) on the accounting of crypto assets.
Tesla announced its financial results
The new regulation brought by the FASB requires companies to report their crypto assets updated according to each quarter market value since the beginning of 2025. Previously, companies had to report crypto assets such as Bitcoin at the lowest value. Tesla adopted the new standard early and reflected a major increase in value to his balance sheet.
600 million dollars of profit from Bitcoin
Tesla said that this change made a 68 -cents per share per share in the fourth quarter and increased its net income by 600 million dollars. Tesla CFO, Vaibhav Grad, said in his call for an investor, “The net income in the fourth quarter involves an increase in a market value of $ 600 million caused by Bitcoin due to the new accounting standard adopted for crypto assets”.
At the end of the third quarter, Tesla’s Bitcoin assets were reported with a transport value of $ 184 million. However, in reality, the market value of these assets was $ 729 million. With the rise of Bitcoin in the fourth quarter, the company’s assets increased an increase of approximately $ 347 million. Tesla’s fourth quarter earnings and income remained below the expectations of the analysts on Wednesday, automobile income fell by 8 %compared to the previous year, but the stock rose in post -overtime transactions.
According to Bitcoin Treasuries data, Tesla is the owner of the sixth largest Bitcoin among the public companies, holding 9,720 BTCs. Tesla’s total fourth quarter GAAP net income was $ 2.3 billion, while the gain from Bitcoin value increased a significant portion of this income. The company’s profit per fourth quarter -corrected share (EPS) was announced as $ 0.73, while the market expectation was $ 0.76. However, Tesla shares gained 3.5 %in post -market transactions with an accounting advantage from Bitcoin, despite the annual 8 %decrease in automotive revenues.
