Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies as net income.

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,

A leak has revealed Elon Musk could be planning to use bitcoin-inspired blockchain technology to power his Doge

Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in the US.

Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin holdings was for GAAP purposes and would have had no effect on adjusted EPS. Shares are higher by 3.5% in after hours trading.

A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.

DOGE boss Elon Musk said that Bitcoin icon Roger Ver, who's facing tax evasion charges, won't be eligible for a Trump pardon. Here's why.

Is Elon Musk Secretly Buying Bitcoin? Elon Musk has been pumping Doge, or Dogecoin, for a little while now, but recently added Bitcoin, or BTC, into his Twitter bio. Michael Saylor recently exchanged tweets with Elon Musk on he was able to buy over 1 billion dollars worth of Bitcoin for his company Microstrategy,

Vaibhav Taneja acknowledged Tesla’s benefit from its Bitcoin holdings during the company’s Q4 2024 earnings call. CEO Elon Musk is a known proponent of cryptocurrency, so it doesn’t come as a shock that Tesla was holding on to a large chunk of Bitcoin.

Elon Musk, Tesla and SpaceX CEO, has said that early Bitcoin investor Roger Ver shouldn’t get a presidential pardon from Donald Trump.

Elon Musk, Sam Altman, Peter Thiel and their battle for Bitcoin domination - Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes

The investment strategy of Truth.Fi will be guided by financial services firm Charles Schwab, which will oversee asset custody and provide advisory services. While Schwab does not currently facilitate direct trading in cryptocurrencies like bitcoin, it has indicated it would explore the space if regulatory conditions allow.