Elon Musk’s Tesla Made no Changes to Bitcoin Holdings in First Quarter

U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts

The value of digital assets held by Tesla at quarter’s end was $184 million, flat from 2022 Q4. The valuation remained flat even as bitcoin (BTC) rose to about $28,500 at the end of Q1 from $16,500 three months earlier, as current accounting rules don’t allow such gains to be booked.

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