Tesla Bitcoin (BTC) reserve (TSLA) is now worth around $ 1.2 billion after the cryptocurrency price has climbed 30% in the second quarter of this year, according to its report on results.
The gain reflects a recent change in the way in which the accounting rules of the United States treat digital assets – which works in favor of Tesla.
Tesla currently has 11,509 BTC, according to Bitcointareries.net, making it the tenth company listed on the stock market to hold the cryptographic asset on its assessment. Bitcoin is currently negotiating at around $ 118,000, compared to $ 83,000 on April 1.
A rule approved by the Financial Accounting Standards Board (FASB) allows companies to start reporting the fair market value of their cryptographic participations each quarter. This change was necessary from the first quarter of 2025.
Before this change, business holders like Tesla had to report their cryptographic assets to the lowest value they reached during the time that they kept them – a method that often did not reflect market recovery. This meant that even if Bitcoin bounced, these gains did not appear on the balance sheet.
Now, Tesla’s bitcoin gains can be recognized each quarter, giving shareholders a clearer view of the performance of the assets.
Car manufacturer’s revenues reached $ 22.5 billion, against the analyst’s average estimate of $ 22.3 billion, according to Factst Data. Share’s profit was $ 0.40, also corresponding to $ 0.40 estimates.
TSLA shares increased by 0.71% in post-commerce negotiation hours, trade in shares at $ 331.56.
