Teslas (TSLA) Bitcoin (BTC) Stash is now worth around $ 1.2 billion after Cryptocurrency’s price rose 30% in the second quarter of this year, according to its earnings report.
The gain reflects a recent change in how US accounting rules process digital assets – one that works in Tesla’s advantage.
Tesla currently has 11,509 BTC, according to BitCinTreasuries.net, making it the tenth largest listed company to keep the crypto asset on its balance. Bitcoin is currently shopping for about $ 118,000, up from $ 83,000 on April 1
A rule approved by the Financial Accounting Standards Board (FASB) allows companies to start reporting the fair value of their Crypto Holdings every quarter. This shift was required beginning in the 1st quarter of 2025.
Before this change, business owners like Tesla had to report their crypto assets to the lowest value they reached during the time they kept them – a method that often does not reflect market recovery. That meant that although Bitcoin rebound, these winnings did not appear on the balance.
Now Tesla’s Bitcoin gains can be recognized every quarter, giving shareholders a clearer overview of the asset’s results.
Revenue for the car manufacturer came at $ 22.5 billion against the average $ 22.3 billion analyst estimate, according to Factset data. Earnings per Stock was at $ 0.40, also matching estimates of $ 0.40.
Shares in TSLA have increased by 0.71% in trading by market, with the stock trade to $ 331.56.
