Tesla (TSLA) maintained its bitcoin treasury position in the third quarter of 2025, holding 11,509 BTC—valued at approximately $1.35 billion at quarter’s end.
The company reported no changes to its bitcoin holdings during the period, but benefited from the increase in bitcoin’s price, booking an $80 million profit on its digital asset balance sheet.
Impact of accounting rule changes
Thanks to updated Financial Accounting Standards Board (FASB) regulations, Tesla is now required to recognize unrealized gains and losses on its bitcoin holdings each quarter.
Previously, firms could only write down to the lowest value during the period.
This change reflects a more accurate representation of bitcoin’s market value in quarterly financial reports.
Financial results and bitcoin holdings
Tesla’s third quarter revenue reached $28.1 billion, surpassing analyst expectations of $26.36 billion.
Adjusted earnings per share, excluding digital asset gains, came in at $0.50, slightly below Wall Street forecasts of $0.54.
The company ended the quarter with $41.6 billion in total cash and equivalents.
For live data on Tesla’s historical and current bitcoin reserves, see the Tesla bitcoin treasury tracker.
Market reaction
Despite the reported bitcoin gain, Tesla shares traded slightly lower in after-hours trading, closing at $434.
The company continues to be one of the largest public corporate holders of bitcoin, behind only MicroStrategy.
The new FASB rules highlight the growing importance of accurately reporting digital asset values in corporate financials.
