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Tesla’s Bitcoin Holdings Now Worth $1.2B After 30% BTC Price Rally in Q2
A new accounting rule this year lets companies mark crypto assets to market, benefiting Tesla’s balance sheet.
Jul 23, 2025, 8:32 p.m.
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What to know:
- Tesla’s bitcoin holdings surged in value to $1.2 billion as bitcoin rose 30% in Q2.
- A new FASB rule, introduced late last year, allows firms to mark digital assets to market quarterly, increasing their value.
- Tesla’s Q2 revenue came in at $22.5 billion, roughly matching estimates.
Tesla’s (TSLA) bitcoin stash is now worth around $1.2 billion after the cryptocurrency's price climbed 30% in the second quarter of this year, according to its earnings report.
The gain reflects a recent change in how U.S. accounting rules treat digital assets — one that works in Tesla’s favor.
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Tesla currently holds 11,509 BTC, according to BitcoinTreasuries.Net, making it the tenth largest publicly traded company to hold the crypto asset on its balance sheet. Bitcoin is currently trading at around $118,000, up from $83,000 on April 1.
A rule approved by the Financial Accounting Standards Board (FASB) allows companies to start reporting the fair market value of their crypto holdings each quarter. This shift was required beginning in Q1 2025.
Before this change, corporate holders like Tesla had to report their crypto assets at the lowest value they reached during the time they held them — a method that often didn’t reflect market recoveries. That meant even if bitcoin rebounded, those gains didn’t show up on the balance sheet.
Now, Tesla’s bitcoin gains can be recognized each quarter, giving shareholders a clearer view of the asset’s performance.
Revenue for the automaker came in at $22.5 billion, versus the average analyst estimate of $22.3 billion, according to FactSet data. Earnings-per-share were at $0.40, also matching estimates of $0.40.
Shares of TSLA are up 0.71% in post-market trading hours, with the stock trading at $331.56.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Trump-linked Truth Social seeks SEC approval for two crypto ETFs
The filings include a bitcoin and ether ETF and a staking-focused Cronos fund, deepening the Truth Social brand’s ambitions in digital asset investing.
Ano ang dapat malaman:
- Yorkville America Equities, the firm behind Truth Social–branded ETFs, has filed with the SEC to launch a Truth Social Bitcoin and Ether ETF and a Truth Social Cronos Yield Maximizer ETF.
- The proposed Cronos-focused ETF would invest in and stake Cronos (CRO) tokens, aiming to generate yield through staking rewards in addition to price exposure.
- If approved, the funds would be launched in partnership with Crypto.com, which would provide custody, liquidity and staking services, and be distributed through its affiliate Foris Capital US LLC.
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