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TSL's Q2 Bitcoin Holdings value has risen by 30%, now appreciating to 1.2 billion USD.
On July 24, according to the latest financial report, the Bitcoin held by TSL increased in price by 30% in the second quarter of this year, with a market capitalization of approximately $1.2 billion. This portion of earnings benefited from the latest changes in U.S. accounting standards—a new regulation favorable to TSL. According to data from BitcoinTreasuries.Net, TSL currently holds 11,509 Bitcoins, ranking tenth among publicly listed companies holding encryption assets globally. The current Bitcoin price is approximately $118,000, significantly up from $83,000 on April 1. Previously, the Financial Accounting Standards Board (FASB) approved a new regulation that allows companies to report their encryption assets at fair market value on a quarterly basis starting in the first quarter of 2025. This change replaces the conservative practice of reporting 'at the lowest value.' Previously, even if Bitcoin rebounded during the holding period, companies could not reflect the earnings on their balance sheets. Now, the appreciation of TSL's Bitcoin can be reflected quarterly, providing shareholders with a clearer view of asset performance. The financial report also showed that TSL's revenue for the quarter was $22.5 billion, exceeding analysts' expectations of $22.3 billion; earnings per share were $0.40, in line with market expectations.