Tesla recorded an $80 million profit on its Bitcoin holdings in the third quarter of 2025. This increased the value of the cryptocurrency, but coin sales did not change the company’s cash. According to the report, the company still held 11,509 BTC at the end of the quarter, worth about $1.35 billion.
Tesla Books Cryptocurrency Gains
According to the report, Tesla’s income statement showed a gain due to recent accounting guidelines requiring companies to list certain cryptocurrency assets at fair value.
This change means that movements in the Bitcoin market price will now show up in quarterly results even if no coins are sold. Accounting professionals have been preparing for these changes since the Financial Accounting Standards Board issued new guidance in late 2023.
Earnings Release: Mix of Key Results
Tesla’s third-quarter revenue was about $28 billion, ahead of many estimates, and adjusted earnings per share of $0.50 were below the consensus of $0.54.
Analysts pointed to higher costs, including lower tariffs and regulatory credit revenues, as a factor putting pressure on margins even though vehicle deliveries remain strong.
Tesla revealed in its Q3 2025 earnings report that it did not sell any of its Bitcoin holdings this quarter.
The company continued to hold approximately 11,509 BTC, worth approximately $1.35 billion, at the end of the quarter.
Thanks to the rise in Bitcoin price, Tesla recorded $80… pic.twitter.com/SW1c6V5N7y
— Traders Paradise (@theparadiselive) October 23, 2025
Bitcoin Line Adds Small But Visible Boost
While the $80 million move is significant to cryptocurrency experts, it is small compared to Tesla’s overall results. For context, Adjusted EBITDA for the quarter was reported to be approximately $4.3 billion, meaning Bitcoin profits represent a portion of Tesla’s operating performance. Profits are described as unrealized. This reflects changes in market value, not sales revenue.
Market reaction and what it means for investors
According to the report, investors treated Bitcoin news as a data point rather than a game plan. Some traders welcomed the transparency that comes with marking cryptocurrencies to the market. Others have pointed out that Bitcoin exposure adds another layer of volatility to Tesla’s profit line, as it could see losses in future quarters if the price of the cryptocurrency falls.
Bitcoin trading at $111,002 on the 24-hour chart: TradingView
Why accounting changes matter
The new accounting rules eliminate an old asymmetry that allows companies to record cryptocurrencies when prices fall, but not record profits when prices rise unless they sell them.
Now that profits and losses flow through net income each reporting period, your results may look uneven from quarter to quarter. Large corporations holding cryptocurrencies on their balance sheets will likely see these movements reported more publicly.
With its current holdings, Tesla is now the 11th largest Bitcoin holder in the world. The car manufacturer ranks higher than Hut 8 Mining and several smaller organizations, but below Strategy, Galaxy Digital and Block.
Featured image by Brandon Bell/Getty Images, chart by TradingView
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