Elon Musk’s Tesla reported an $80 million acquire on its Bitcoin holdings within the third quarter of 2025, benefiting from the crypto market’s rebound with out making any new trades.
In accordance with Tesla’s Q3 submitting launched on Wednesday, the electrical automobile maker continues to carry 11,509 BTC — valued at roughly $1.31 billion as of September 30, up from $1.23 billion in Q2.
The rise got here totally from Bitcoin’s value appreciation, not from extra purchases or gross sales. Below new fair-value accounting guidelines, Tesla now studies digital belongings at present market costs, permitting it to file crypto positive aspects or losses every quarter.
The corporate hasn’t modified its place since early 2022, when it bought a small portion “to check liquidity” earlier than classifying Bitcoin as a strategic treasury asset.
Past crypto, Tesla’s monetary outcomes confirmed blended indicators. Income rose to $25.18 billion, up from final 12 months, however web revenue dropped 37% year-on-year to $1.37 billion, or $0.39 per share, as rising R&D and AI spending drove a 50% improve in working prices.
Elon Musk publicly addressed bitcoin for the primary time in three years not too long ago, commenting on an X submit linking rising gold, silver, and bitcoin costs to international financial “debasement” fueled by AI spending.
Musk agreed, saying bitcoin is energy-based, noting that whereas fiat forex could be faked, vitality can not.
Tesla stays the Eleventh-largest company Bitcoin holder, behind the likes Technique, Galaxy Digital, Block, and Coinbase, according to BitcoinTreasuries.web.
Elon Musk’s historical past with Bitcoin
Tesla famously purchased $1.5 billion price of Bitcoin in early 2021 and introduced plans to just accept BTC for automobile funds.
Again in 2021, Musk said, “I feel Bitcoin is an efficient factor. I’m a supporter of Bitcoin. I’m late to the occasion however a supporter. I feel Bitcoin is on the verge of getting broad acceptance by typical finance folks.”
Inside months, nevertheless, Musk reversed course, citing environmental considerations about Bitcoin mining’s heavy reliance on fossil fuels.
“Tesla has suspended automobile purchases utilizing Bitcoin,” he mentioned on the time, including that funds would resume as soon as mining used “extra sustainable vitality.” In mid-2022, Tesla sold roughly 75% of its Bitcoin holdings — close to the underside of the market’s decline.
On the time of writing, Tesla (TSLA) is buying and selling at $434.33 a share. The inventory is up roughly 75% over the past six months.
