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Tesla Books $600 Million Boost From Bitcoin
Tesla profits get $600 million Bitcoin boost thanks to crypto accounting rule change
Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.
Bitcoin boosts Tesla profits by almost $600 million after accounting rule change
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.
Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule
Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported an unrealized gain of $600 million on its cryptocurrency holdings in the fourth quarter.
Czech National Bank Approves Proposal to Study Bitcoin
Czech National Bank Approves Proposal to Study Bitcoin as Reserve Asset
Put forth by the central bank Governor Aleš Michl, the proposal was to study investing the bank's reserves in "additional asset classes." In an interview with the FT earlier this week, though, Michl had made clear his interest in this exercise was in possibly adding bitcoin as a reserve asset.
Czech Central Bank Governor to Present Plan to Hold Reserves in Bitcoin, FT Reports
Michl said he will present the plan to the board on Thursday, and if approved, the bank could eventually hold as much as 5% of its 140 billion euro ($146.13 billion) reserves in bitcoin, according to the FT.
Czech National Bank to become the first European central bank to add Bitcoin to its reserves
By Albin Sybera in Prague The Czech National Bank (CNB) is planning to become the first European central bank to add cryptocurrency bitcoin to its reserves, the CNB governor Aleš Michl said in an interview with the Financial Times on January 29.
11h
Bitcoin Price Forecast: BTC holds above $105,000 amid US macroeconomic data release
Bitcoin price found support around its 50-day Exponential Moving Average (EMA) at $98,633 on Monday and rose 2.37% on ...
CoinDesk
16h
Long-Term Bitcoin Holders Are Spending Their BTC, A Bullish Signal, Analysts Say
Analysts observing previous BTC bull market said the outlook remains constructive while long-term holders continue to ...
8h
MicroStrategy: The Preferred Stock Is A Bitcoin-Per-Share Accretion Engine
MicroStrategy offers 8% dividends with preferred shares. Learn why MSTR stock’s unique structure provides a low-risk way to ...
3h
on MSN
Interest in Bitcoin-backed loans returns: Will TradFi join this time?
Coinbase re-launched a Bitcoin-backed loan service, allowing US users to borrow USDC (USDC) using their Bitcoin (BTC) as ...
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