Tesla reports $600 million boost to net income with updated bitcoin accounting: CNBC Crypto World


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On today’s episode of CNBC Crypto World, bitcoin gets a boost to $105,000 after the Fed keeps rates unchanged. Tesla reports a $600 million jump in net income after a mark-to-market adjustment on its bitcoin holdings. Plus, Steven Lubka of Swan Bitcoin discusses the impact of Trump’s crypto projects on the industry.



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Previous articleA quarter of Tesla’s earnings were due to recongnizing a $600 million gain on Bitcoin