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Tesla revalues Bitcoin holdings under new accounting rules, reports 600 million USD gain in Q4

Tesla’s reported digital asset value surged from 184 million USD to 1.076 billion USD following the accounting rule adjustment. Despite missing adjusted earnings-per-share projections, Tesla’s stock rose by 4.3% in after-hours trading.

The new accounting rules allow digital assets to be reported at market values each quarter, aligning measures with other financial assets. Tesla’s increasing crypto value may also benefit other companies under this new guideline.

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