Tesla has reaffirmed its position as one of the largest corporate holders of Bitcoin, having maintained its hefty stash throughout the third quarter of 2025. The electric vehicle giant recently reported a remarkable profit from its cryptocurrency investments while simultaneously revealing mixed operational results.
As of September 30, Tesla held 11,509 BTC, valued at approximately $1.315 billion. This marks an increase from the $1.235 billion valuation from three months prior, indicating a solid performance in the digital asset market. Interestingly, the company did not engage in any buying or selling of Bitcoin during this quarter.
During this period, Bitcoin’s price increased by about 5%, closing at around $114,000. This positive price trend allowed Tesla to realize profits estimated between $62 million and $80 million from its digital asset holdings. These gains, while substantial, represent only a fraction of Tesla’s overall financial performance.
In terms of operational results, Tesla reported third-quarter revenues of $28.1 billion, significantly surpassing analysts’ expectations of $26.36 billion. This revenue boost offers a glimmer of hope for investors focused on the company’s core business operations.
However, the adjusted earnings per share (EPS) fell short of Wall Street forecasts, coming in at $0.50 versus the anticipated $0.54. Notably, these Bitcoin gains were not included in the adjusted EPS calculations, highlighting the distinct separation between the company’s cryptocurrency investments and its core business metrics.
Following the earnings release, Tesla’s stock saw a modest decline in after-hours trading, dipping to $434 per share. This reaction reflects the cautious sentiment among investors, despite the positive revenue news.
In a significant development for accounting practices, Tesla is now subject to new Financial Accounting Standards Board (FASB) rules regarding digital assets. These regulations mandate that companies recognize gains or losses on Bitcoin each quarter, a shift from previous mark-to-market rules that required firms to report their holdings at the lowest value reached during the reporting period. This change provides a more accurate and timely reflection of digital asset valuations.
This quarter marks the second consecutive time Tesla has recorded gains on its Bitcoin holdings, a testament to its strategic approach to cryptocurrency. The company initially acquired its Bitcoin position in early 2021 and has held its 11,509 BTC without modification for several quarters. Tesla’s sustained investment in Bitcoin cements its status as one of the largest corporate holders of the cryptocurrency globally.
As the cryptocurrency market continues to evolve, Tesla’s performance offers insights into the integration of digital assets within traditional business frameworks, hinting at broader implications for corporate America in the future.
