Learn how Tesla made $600 million profit from Bitcoin in Q4 2024. Company's digital asset value soared to $1.076 billion by year-end.
Tesla, led by Elon Musk, made a paper profit of $600 million from its Bitcoin assets in the fourth quarter of 2024 under new accounting rules allowing companies to align the value of their digital assets with market prices. According to Arkham Intelligence data, Tesla, owning approximately 11,509 Bitcoins worth around $1.21 billion, is the fourth publicly traded company in terms of Bitcoin assets. The value of Tesla’s digital assets increased from $184 million in the third quarter to $1.076 billion by the end of 2024.
