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  • Ryan Hunt
    • May 5, 2021
    • 3 min read

TESLA + Bitcoin - How Do They Account for That?

Tesla and Bitcoin Through a Business Acumen Lens


Business Acumen: Tesla and Bitcoin
 

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:

  1. Bitcoin and other crypto (digital assets) are being held, in most cases, as intangible assets with an indefinite life.

  2. Digital Assets (DAs) are carried at historical purchase cost.