Quote from: qwertyup23 on Today at 02:48:55 PM

Quote from: Lucius on October 14, 2021, 01:59:48 PM

If Tesla (EM) did not sell all that BTC, then it would be more accurate to say that it is an unrealized profit - and EM has stated that it has no intention of selling that BTC, although this may change at any time. In addition, Tesla appears to have bought a total of 46 000 BTC at an average price of $32 610, but sold 10%, so the total amount of BTC is now 41 400 currently worth 2.375 billion.

Quote from: https://fortune.com/2021/05/19/elon-musk-bitcoin-bet-tesla-carbon-footprint-crypto/

In Q4 of last year, Musk purchased $1.5 billion in Bitcoin in one of the most adventurous moves ever undertaken by a corporate treasury. CFO Zach Kirkhorn praised the gambit as "a good place to place some of our cash that's not being used, and get a good return on that." By my math, Tesla bought 46,000 coins at an average price of $32,610. In mid-March, it sold 10% of its holdings, around 4,100 coins, at an average price of almost $60,000, booking a profit of $128 million (reduced to $101 million by an "impairment" charge).

Very accurate.

It is considered as receivables in way that the fruition of profit will only materialize upon the withdrawing/encashment of their BTCs to cash. Until it remains as BTC, it will be unrealized profit just like what you mentioned.

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.

Soon democrats in the US will tax those unrealized gains as well and then it won't look as good as it does now.

https://www.bloomberg.com/news/articles/2021-10-26/democrats-new-tax-target-is-5-trillion-in-billionaire-wealth

Quote

With their latest tax proposal, Democrats are going after an elusive target: U.S. billionaires, and their growing piles of untaxed investment gains.

If this proposal becomes law then expect a very sharp drop in the stocks market, not only tesla and that will probably trigger a drop in crypto too. Commies are going full retard on profits.