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.
Reversal of SAB 121 will let banks ‘take loans’ against Bitcoin — BitLab Director
Reversal of SAB 121 allows banks to offer Bitcoin-backed loans, making it easier for holders to access capital without selling their assets, says BitLab Director Kelly Kellam.
Inside Trump’s crypto court: The President and his Bitcoin bros go for growth
The President and his Bitcoin bros go for growth - Donald Trump will be the first president to fully embrace digital ...
Ohio House Republicans pitch state investments in Bitcoin
House Republicans want to allow the state treasurer to invest up to 10% of the portfolio into crypto and other digital assets ...
Tesla reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market ...
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Tesla reports $600 million gain on Bitcoin holdings following new accounting rule update
Tesla’s Bitcoin holdings rose by $600 million in the fourth quarter after implementing a new accounting rule. The rule permits companies to value digital assets at market prices each quarter.
Texas Lt. Governor announces ‘Bitcoin Reserve’ as priority bill for 2025
The Lt. Governor of Texas has announced that a 2025 legislative priority for the Lone Star State will be the creation of a ...
Analyst posts ‘outperform’ rating for Bitcoin miner Bitdeer, sets $26.50 price target
Investment bank Keefe, Bruyette & Woods (KBW) has given Bitcoin miner Bitdeer (BTDR) an "outperform" rating with a $26.50 ...