
Tesla's Bitcoin holdings recorded an unrealized gain of $80 million last quarter
Tesla (TSLA.US) disclosed in its last quarterly earnings report that as of September 30, the company's digital asset holdings were valued at $1.315 billion, an increase from $1.235 billion three months ago.
Tesla (TSLA) continues to hold 11,509 bitcoins, valued at approximately $1.35 billion at the end of the third quarter (current valuation has slightly decreased).
The appreciation of bitcoin in the third quarter allowed the company to realize a holding gain of $80 million. For reference, the adjusted EBITDA for the quarter was $4.3 billion, and the total cash and cash equivalents held by the company at the end of the quarter amounted to $41.6 billion.
According to new regulations from the Financial Accounting Standards Board, Tesla must now recognize bitcoin gains and losses each quarter. Previously, companies only needed to record their holdings at the lowest value during the reporting period

