TLDR
- Tesla’s bitcoin holdings reached $1.315 billion in value at the end of Q3 2025, unchanged at 11,509 BTC
- The electric vehicle company recorded profit between $62-80 million on its cryptocurrency position due to bitcoin’s 5% price increase
- Q3 revenue hit $28.1 billion, surpassing Wall Street’s $26.36 billion estimate
- Adjusted earnings per share of $0.50 missed analyst expectations of $0.54
- New accounting standards now require quarterly recognition of digital asset gains and losses
Tesla maintained its position among the largest corporate bitcoin holders through the third quarter of 2025. The company’s digital asset strategy continued without any buying or selling activity during the period.
The automaker held 11,509 BTC at the end of September. This position was valued at $1.315 billion, up from $1.235 billion three months prior. The increase came entirely from bitcoin’s price appreciation during the quarter.
Bitcoin prices climbed approximately 5% between July and September. The cryptocurrency reached around $114,000 by quarter’s end. This price movement generated gains for Tesla’s holdings.
Reports place Tesla’s bitcoin profit between $62 million and $80 million for the quarter. The variation in reported figures comes from different calculation methods. This marks the second straight quarter of gains on the company’s cryptocurrency investment.
Financial Performance Overview
Tesla delivered strong revenue numbers in Q3 2025. The company reported $28.1 billion in quarterly revenue. This beat analyst consensus estimates of $26.36 billion.
Earnings results were mixed despite the revenue beat. Adjusted earnings per share came in at $0.50. Wall Street had projected $0.54 per share. The bitcoin gains do not factor into adjusted EPS calculations.
Tesla’s broader financial position remains strong. The company reported adjusted EBITDA of $4.3 billion for the quarter. Cash and equivalents totaled $41.6 billion at September 30.
Shares traded lower in after-hours sessions at $434. The modest decline followed the earnings announcement.
Impact of New Accounting Rules
Tesla now follows updated FASB accounting standards for digital assets. The new rules took effect earlier this year. Companies must now recognize bitcoin gains or losses each quarter.
Previous accounting methods required different treatment. Firms had to mark holdings down to the lowest quarterly value. The old system often resulted in paper losses even when prices recovered.
The current framework provides more accurate valuations. It reflects the actual value of digital assets at quarter end. Tesla benefits from this change during periods of price appreciation.
Tesla acquired its bitcoin position in early 2021. The company has made no changes to its 11,509 BTC holdings for several quarters. This makes Tesla one of the world’s largest corporate bitcoin holders by total value.
The cryptocurrency remains a small part of Tesla’s total balance sheet. Bitcoin holdings represent roughly 3% of the company’s cash and equivalents. The $80 million gain equals less than 2% of quarterly EBITDA.
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