Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain
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.
Standard Chartered placed its forecast for bitcoin at $200,000 for the end of 2025, while global investment manager VanEck believes the first quarter of the year might see bitcoin reaching a high of ...
In December, when Bitcoin (CRYPTO: BTC) finally broke through the $100,000 mark, the conventional thinking was that it was ...
Explore Trump’s crypto policy, Bitcoin as national currency, and its risks, regulations, public trust concerns, and impact on ...
HIVE Digital acquires Bitfarms’ 200 MW Bitcoin mining site in Paraguay for $85M, aiming to scale operations by 400% and boost ...
Illinois lawmakers introduced a bill Wednesday to create a state-managed Bitcoin reserve, following similar proposals in ...
Bitcoin was in the process of solidifying its position above $100,000 on Thursday, with observers citing reasons such as a robust network of miners working behind the digital coin and improving market ...
Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from ...
The acquisition of the site in Yguazú, Paraguay will increase the company's hashrate from 6 Eh/s to 25 EH/s by September of ...
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