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Tesla made no changes to bitcoin holdings in Q4 as it booked $239 million digital asset loss
The company's bitcoin stack remained at 11,509 coins, worth about $1 billion at BTC's current price near $89,000.
Jan 28, 2026, 9:11 p.m.
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What to know:
- Tesla made no changes in its bitcoin holdings during the fourth quarter, continuing to hold 11,509 coins.
- The company recorded a $239 million after-tax mark-to-market loss on its digital assets due to bitcoin's decline from about $114,000 to $88,000 during the year's final three months.
Tesla's (TSLA) bitcoin holdings remained flat during the fourth quarter of 2025, continuing at 11,509 coins.
The value of that stack, though, declined markedly as the price of bitcoin tumbled from roughly $114,000 to $88,000 during the final three months of the year.
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That decline forced Tesla to book an after-tax impairment loss of about $239 million on its digital asset holdings, according to the company’s just-released fourth-quarter earnings report.
History with bitcoin
Led by Elon Musk, Tesla in February 2021 disclosed ownership of 43,200 bitcoin, then worth about $1.7 billion. Testing the waters for liquidity, the company shortly afterward unloaded a small portion of that, but then — losing their nerve at about the worst time possible — Musk and team sold about 75% of the company stack at fairly close to bitcoin's 2022 bear-market bottom.
Holdings have remained relatively stable since that 2022 sale.
Overall earnings
For the fourth quarter, Tesla reported revenue of $24.9 billion, shy of estimates for $25.1 billion. Adjusted earnings per share of $0.50 topped the consensus forecast of $0.45.
TSLA was higher by 3.4% in after hours trading.
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