Q2 Bitcoin Rally Boosts Tesla’s Crypto Holdings to $1.2 Billion

Tesla’s Bitcoin Holdings Surge to $1.2B Following Q2 Rally and Favorable Accounting Shift

Tesla’s bitcoin portfolio swelled to an estimated $1.2 billion in value during the second quarter, as a 30% rally in BTC prices combined with a recent U.S. accounting rule change to boost the automaker’s digital asset disclosure.

According to Tesla’s latest earnings release, the company holds 11,509 BTC, making it the tenth-largest corporate holder of the asset, per BitcoinTreasuries.net. The valuation increase follows bitcoin’s jump from $83,000 on April 1 to over $118,000, lifting the mark-to-market value of Tesla’s holdings significantly.

The gains were amplified by a new rule from the Financial Accounting Standards Board (FASB) that took effect in Q1 2025. The update requires companies to report crypto assets at their fair market value each quarter — a shift from the previous conservative approach, which only recognized impairment losses and not subsequent price recoveries.

This change offers a clearer picture of digital asset performance and has notably benefited firms like Tesla, whose holdings now reflect market rallies in real time.

Tesla reported $22.5 billion in revenue for Q2, slightly ahead of the $22.3 billion analyst consensus, with earnings per share (EPS) of $0.40, matching expectations, according to FactSet.

Shares of TSLA rose 0.71% in after-hours trading, to $331.56, following the results.