$TSLA Had a #Bullish Bitcoin earnings report thanks to deregulation of FASB. Boosted 
GAAP income from $1.7B to $2.3B. Details below! Huge News!  $SPY $QQQ 
$IBIT $BITO $BTC #Bitcoin 
$MARA $CIFR $CORZ $BTBT $RIOT $IREN $WULF $BITF $BTDR $COIN $MSTR $TSLA $XYZ $BKKT $HOOD $IBIT $BITO $BTC $NVDA $CEG $SNAP $AMD $AAPL $MSFT 
$UBER $FUBO $DIS $DJT $PSQH $NFLX $SPY $RUM $AMZN $GOOGL $QCOM 
$PYPL 

1.  FASB ASU 2023 2023-08
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings.  

Reasons for corporations $MSFT $AMZN $META $APPL 
Hedge Funds, Banks, institutions To start a Bitcoin Treasury Reserve. 

2. 
Tesla’s Q4 2024 results released on Jan. 29 show the company valued its Bitcoin
at just over $1B up from the $184M it logged throughout previous quarters.

Thanks to the deregulation of FASB. 

3. 
It marked a net gain of $589 million on its BTC holdings over the quarter, which has reached 9,720 BTC, according to Bitcoin Treasuries.

Just imagine the earnings report on bitcoin miners and the recent companies who have been starting BTC treasuries. 

Think of $MARA & $MSTR massive holdings reflect positive on earnings. 🚀

4. 
Without the rule change, the recorded value could not increase until the assets were sold, even if the value of the holdings went up.

👉 Overall, Tesla reported a GAAP income of $2.3 billion in the fourth quarter, boosted by the $600 million from its Bitcoin holdings. 

Thanks to #Bitcoin  Teslas income was boosted from $1.7B to $2.3B
#TSLA #Bullish #SPY #QQQ #IBIT #BITO #BTC #Bitcoin #MARA #CIFR #CORZ #BTBT #RIOT #IREN #WULF #BITF #BTDR #COIN #MSTR #TSLA #XYZ #BKKT #HOOD #IBIT #BITO #BTC #NVDA #CEG #SNAP #AMD #AAPL #MSFT #UBER #FUBO #DIS #DJT #PSQH #NFLX #SPY #RUM #AMZN #GOOGL #QCOM #PYPL #MSFT #AMZN #META #APPL #MARA #MSTR #Bitcoin