LogFAQs > #953856130

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Topic	Elon Musk: You can buy Teslas with bitcoin! bitcoin everyone! use it!
EndOfDiscOne 05/13/21 8:45:30 AM #11:	Iodine posted... Yeah but you have to sell the coins in order to gain that value. Continue to hold the coins would hurt their quarterly earnings report. I'm still not quite following this logic. They keep BTC on their balance sheet, so the unrealized gains would go to other comprehensive income in equity. They "gain" the value in that sense. Their operating profits still include sales of all Tesla sold in USD, regardless of whether they sold them in USD or BTC. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:953856130] in Elon Musk:... [t:79456236]...</cite> <quote>Iodine posted... </cite> <quote>Yeah but you have to sell the coins in order to gain that value. Continue to hold the coins would hurt their quarterly earnings report.</quote>I'm still not quite following this logic. They keep BTC on their balance sheet, so the unrealized gains would go to other comprehensive income in equity. They "gain" the value in that sense. Their operating profits still include sales of all Tesla sold in USD, regardless of whether they sold them in USD or BTC. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!</quote> ... Copied to Clipboard!
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