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?
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.