Tesla refuses to sell Bitcoin in Q3 — and earnings show it didn’t need to
Key Takeaways
Did Tesla promote any Bitcoin in Q3?
No. Tesla held its full stack of 11,500 BTC by Q3 2025, now valued at $1.315 billion.
What else stood out in Tesla’s report?
Stronger margins, report vitality income [$3.22B], and $2.32B in web revenue present Tesla’s monetary well being enhancing even because it retains its Bitcoin untouched.
Tesla’s newest Q3 2025 earnings report, launched on 22 October, exhibits no Bitcoin gross sales or new purchases through the quarter.
Tesla’s Bitcoin holdings maintain regular in Q3
The report confirmed that the corporate continues to carry about 11,500 BTC, valued at $1.315 billion. It’s up from $1.235 billion in Q2, due to Bitcoin’s worth appreciation fairly than new acquisitions.
Tesla adopted new fair-value accounting guidelines earlier this 12 months, which means its crypto holdings now mirror market costs.
The report additionally disclosed an $80 million digital asset achieve underneath “different revenue,” marking one of many firm’s strongest quarters for BTC revaluation since 2021.
With its present holdings, Tesla turns into the eleventh largest company Bitcoin holder globally, behind Technique, Galaxy Digital, and Block, however forward of main establishments equivalent to Hut 8 Mining and Galaxy.
Earnings snapshot: stronger margins and report vitality gross sales
Past Bitcoin, Tesla’s quarterly report confirmed $27.35 billion in income and $2.32 billion in web revenue, each above Wall Avenue expectations.
- Gross margin improved to 18.1%, up from 17.5% in Q2.
- Free money circulation rose to $2.08 billion.
- Its vitality division posted a report $3.22 billion in income, pushed by Megapack demand.
The corporate reaffirmed its 1.8–1.9 million automobile supply goal for 2025 and highlighted continued progress on AI and Dojo coaching infrastructure.
SpaceX provides motion to Musk’s Bitcoin ecosystem
The report coincides with SpaceX’s on-chain exercise earlier this week. Blockchain information from Arkham Intelligence confirmed that SpaceX moved $268.5 million value of BTC throughout wallets — its first main transaction since July.
Analysts described the transfer as a part of routine treasury rebalancing, with no proof of trade deposits or liquidation.
Collectively, SpaceX and Tesla management almost 17,000 BTC, making Musk-linked entities among the many most influential company Bitcoin holders on the earth.
Market view
Bitcoin traded round $108,000 on the time of writing, down almost 1% up to now 24 hours. Merchants may interpret each Tesla’s regular holdings and SpaceX’s actions as indicators of long-term confidence, fairly than profit-taking.
