Tesla's Bitcoin Bet Pays Off in Q3 2025

Tesla made a cool $80 million from its Bitcoin stash in the third quarter of 2025. This profit came just from Bitcoin's price going up, not from selling any of it. Tesla still has about 11,509 BTC, worth around $1.31 billion as of September 30. That's up from $1.23 billion in the second quarter.

Tesla's Bitcoin Journey

Tesla's Bitcoin adventure started in early 2021 when it bought $1.5 billion worth of Bitcoin. At that time, Elon Musk said he supported Bitcoin and thought it would become widely accepted. But later that year, Tesla stopped accepting Bitcoin for car payments because of concerns about the environmental impact of Bitcoin mining. In mid-2022, Tesla sold about 75% of its Bitcoin holdings.

Now, Tesla reports its Bitcoin value based on current market prices. This means any gains or losses from Bitcoin's price changes are recorded each quarter. Tesla hasn't bought or sold any Bitcoin since early 2022, when it sold a small amount to test how easily it could be sold.

Mixed Financial Results

Beyond Bitcoin, Tesla's financial results were mixed. Revenue went up to $25.18 billion, but net income dropped by 37% to $1.37 billion. This was because Tesla spent more on research and development, especially in AI, which increased operating costs by 50%.

Elon Musk's Recent Comments

Elon Musk recently talked about Bitcoin again, agreeing with a post that linked the rising prices of gold, silver, and Bitcoin to global monetary "debasement" caused by AI spending. He pointed out that Bitcoin is based on energy, unlike fiat currency, which can be easily created.

Top Corporate Holders of Bitcoin

Tesla is still one of the top corporate holders of Bitcoin, ranking 11th. Other big holders include Strategy, Galaxy Digital, Block, and Coinbase.