Tesla’s Bitcoin Holdings Surge to $1.2B as New Accounting Rule Takes Effect
Tesla’s bitcoin holdings are now valued at approximately $1.2 billion, buoyed by a 30% rally in BTC prices during Q2 and a favorable shift in U.S. accounting standards that now allow companies to mark crypto assets to fair market value.
According to Tesla’s Q2 earnings report, the electric vehicle maker holds 11,509 BTC, placing it among the top 10 publicly traded firms with bitcoin on their balance sheets, as per data from BitcoinTreasuries.net. Bitcoin has risen sharply from around $83,000 on April 1 to over $118,000, boosting the on-paper value of Tesla’s crypto reserves.
The recent change in Financial Accounting Standards Board (FASB) policy — implemented in Q1 2025 — now permits companies to record quarterly fair value adjustments for digital assets. Previously, firms were required to report crypto holdings at their lowest valuation during the period, ignoring any recovery in price.
This update provides a more accurate snapshot of crypto performance for investors and enhances transparency for shareholders.
Tesla also reported $22.5 billion in revenue, slightly above analyst expectations of $22.3 billion, and earnings per share (EPS) of $0.40, matching consensus estimates. TSLA shares rose 0.71% in after-hours trading to $331.56.
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