TLDR
- Tesla booked an $80M bitcoin profit in Q3 without changing its 11,509 BTC holdings.
- Tesla’s BTC holdings rose in value to $1.35B as of September 30, 2025.
- New FASB rules let Tesla report unrealized crypto gains each quarter.
- Despite $80M BTC gains, Tesla’s adjusted EPS missed estimates at $0.50.
Tesla reported an $80 million profit from its bitcoin holdings in the third quarter of 2025, driven by rising cryptocurrency prices. The company did not sell or buy any bitcoin during the period. Tesla still holds 11,509 BTC, which was worth about $1.35 billion as of September 30. New financial reporting rules also played a role in how this gain was reflected on the company’s books.
Bitcoin Gain Adds to Tesla’s Quarterly Performance
Tesla recorded a gain of $80 million from its bitcoin holdings in Q3 2025. The company held 11,509 BTC throughout the quarter, with no purchases or sales reported. The bitcoin price increase during the quarter led to a higher valuation of Tesla’s digital assets by the end of September.
As of September 30, Tesla’s bitcoin was worth $1.315 billion, up from $1.235 billion three months earlier. The company was required to reflect this gain under the new FASB accounting rules. These rules now mandate quarterly recognition of unrealized gains and losses on digital assets.
Previously, companies could only recognize losses when the value dropped but could not record gains unless the assets were sold. This change now gives a more accurate reflection of the fair value of such holdings every quarter.
Financial Results and Market Response
Tesla reported third-quarter revenue of $28.1 billion, which beat Wall Street estimates of $26.36 billion. However, adjusted earnings per share (EPS) came in at $0.50, falling short of the expected $0.54. The $80 million bitcoin gain is not included in adjusted EPS.
Tesla’s adjusted EBITDA for the quarter stood at $4.3 billion. The company also reported cash and equivalents of $41.6 billion at the end of the quarter. These numbers show Tesla’s strong financial position despite the earnings miss.
Shares of Tesla (TSLA) dropped slightly in after-hours trading, trading around $434. Market reaction appeared limited, with the earnings miss and crypto-related gain balancing each other.
New Accounting Rule Changes How Bitcoin Is Reported
The Financial Accounting Standards Board (FASB) introduced new rules that affect how companies report their cryptocurrency holdings. Starting this quarter, companies like Tesla must recognize both unrealized gains and losses on digital assets every quarter.
This is a shift from previous rules, where digital assets had to be reported at the lowest value during the quarter. Any gain could only be recorded once the asset was sold. The updated policy gives investors a clearer picture of the value of digital assets on a company’s balance sheet.
Tesla’s $80 million gain was possible because of this change. It allowed the company to recognize the rise in bitcoin’s price over the quarter without needing to sell any assets.
Tesla Maintains Bitcoin Position Despite Market Volatility
Tesla did not change the size of its bitcoin holdings during the third quarter. The company has held the same amount—11,509 BTC—since its last reported transaction. While the market value of bitcoin has fluctuated, Tesla has maintained a long-term position.
As of the end of Q3, the value of Tesla’s bitcoin holdings rose by about $80 million compared to the previous quarter. Though prices have decreased slightly since September 30, Tesla’s digital asset position remains one of the largest among publicly traded companies.
The company’s bitcoin strategy remains unchanged, with no new purchases or sales disclosed in the recent earnings report.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
