
Ryan Hunt
TESLA + Bitcoin - How Do They Account for That?
Tesla and Bitcoin Through a Business Acumen Lens

You may have heard about Tesla’s $1.5 BILLION investment in Bitcoin, and as I have been, you’ve probably stayed awake at night trying to figure out how they account for it. Is digital currency a cash equivalent — especially with its current volatility?
Summary:
Bitcoin and other crypto (digital assets) are being held, in most cases, as intangible assets with an indefinite life.
Digital Assets (DAs) are carried at historical purchase cost.