Tesla Recorded $80 Million in Unrealized Gain on Bitcoin Investments in Q3
Date: 2025-10-24 Author: Gabriel Deangelo Categories: BUSINESS
Automaker Tesla released its Q3 2025 financial results, recording $80 million in unrealized gains on its Bitcoin investments. As of the end of September, the company's cryptocurrency portfolio was valued at $1.315 billion, representing a significant increase compared to the previous year.
Starting in December 2024, new accounting standards for crypto assets will be in effect in the US. These rules require companies to report them at fair value, recording changes in value in their financial statements even without selling the asset. This change has significantly impacted how large corporations, including Tesla, report gains and losses from their crypto investments.
According to Arkham Intelligence, Tesla controls approximately 11,509 BTC. Although the company previously mentioned purchasing 9,720 BTC, it has not disclosed the exact number of coins held in recent quarters. According to its latest report, the market valuation of its Bitcoin portfolio has increased by 80.3% compared to the same period in 2024.
Despite the positive results from crypto assets, the company's overall financial results were mixed. Tesla's third-quarter revenue reached $28.1 billion, exceeding analyst expectations of $26.4 billion. Gross profit was $5.05 billion, up 30.3% quarter-on-quarter and 1.1% year-on-year.
However, GAAP net income decreased by 37% compared to the same period in 2024, reaching $1.37 billion. However, compared to the second quarter of 2025, it increased by 17.2%. Adjusted earnings per share reached $0.50, slightly below market expectations.
The company attributed the decline in net profit to cheaper electric vehicles and a nearly 50% increase in operating expenses, including investments in artificial intelligence. Despite the revenue growth, investors reacted cautiously to the report: Tesla shares lost about 0.8% in premarket trading on the Nasdaq.
Tesla previously held the leading position among publicly traded companies holding the largest amounts of Bitcoin, surpassing Japan's Metaplanet. However, fluctuations in the value of crypto assets and changes in the NAV, which reflects the difference between a company's market capitalization and the value of its digital assets, weakened Tesla's position somewhat.
Nevertheless, the third quarter confirmed that crypto investments remain an important element of Tesla's financial portfolio, despite overall profit challenges and rising costs.
