Accounting rules have enabled Tesla’s bitcoin value to rise from $184 million to $1.08 billion. This increase is the result of a change in the way digital assets are reported, which must now be adjusted to market value. This change increased Tesla’s net profit in the fourth quarter by $600 million. Although the company’s revenue and profit in the fourth quarter were below expectations, the stock value increased. Tesla is the sixth largest bitcoin holder among publicly traded companies.
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