Tesla by Elon Musk reported An $80 million profit on Bitcoins held in the third quarter 2025. crypto market’s rebound Without making any additional trades.
According to Tesla’s Q3 filing released on Wednesday, the electric vehicle maker continues to hold 11,509 BTC — valued at roughly $1.31 billion as of September 30, up from $1.23 billion in Q2.
It was the appreciation in Bitcoin’s value that accounted for this increase, not any additional purchases or transactions. Tesla reports its digital assets to the current market price under new accounting fair value rules. This allows it to report crypto gains and losses every quarter.
It hasn’t altered its stance since the beginning of 2022, when a small part was sold. “to test liquidity” It is important to consider the following factors before classifying Bitcoins a strategic asset.
Tesla’s results were mixed, even if crypto was not included. Revenue rose to $25.18 billion, up from last year, but net income dropped 37% year-on-year to $1.37 billion, or $0.39 per share, as rising R&D and AI spending drove a 50% increase in operating costs.
Elon Musk addressed bitcoin publicly for the first three years, recently commenting on a X post that linked rising gold, Silver, and Bitcoin prices to global currency. “debasement” AI expenditure is a major driver of the economy.
Musk agreed, saying bitcoin is energy-basedEnergy cannot be feigned.
Tesla ranks 11th among corporate Bitcoin holders, following the likes Strategy Digital, Block, Coinbase and Galaxy Digital. according to BitcoinTreasuries.net.
Elon Musk and Bitcoin
Tesla was a legendary figure purchased Bitcoin is expected to reach $1.5 billion by early 2021, and the company has announced that it will accept BTC as payment for vehicles.
Musk will be back in 2021. said, “I think Bitcoin is a good thing. I am a supporter of Bitcoin. I am late to the party but a supporter. I think Bitcoin is on the verge of getting broad acceptance by conventional finance people.”
Musk changed his mind within months. He cited environmental concerns over the heavy dependence of Bitcoin mining on fossil fuels.
“Tesla has suspended vehicle purchases using Bitcoin,” In his words at that time, payments will resume when mining is used. “more sustainable energy.” Tesla is expected to launch its new mid-2020 model by the end of 2022. sold roughly 75% of its Bitcoin holdings — near the bottom of the market’s decline.
Tesla (TSLA), at the time this article was written, is currently trading for $434.33 per share. Stocks are up by about 75% in the past six months.
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Source: bitcoinmagazine.com
