Tesla Holds Steady on Bitcoin, Reports $951M in Crypto Assets Amid Earnings Miss
Tesla (TSLA) held firm on its digital asset strategy in the first quarter of 2025, maintaining nearly $1 billion in bitcoin on its balance sheet, despite missing Wall Street’s revenue expectations.
According to its latest earnings report, Tesla reported $951 million in digital assets as of March 31—down from $1.076 billion at the end of December. The decline appears to reflect bitcoin’s price fluctuation rather than any sale activity. Blockchain analytics firm Arkham Intelligence shows no bitcoin transactions by Tesla in the last three months, indicating the holdings remained untouched. Arkham currently values Tesla’s BTC stash at approximately $1.049 billion.
Tesla’s bitcoin holdings stand at 11,509 BTC, based on data from Bitcoin Treasuries.
The asset valuation comes under a new Financial Accounting Standards Board (FASB) rule, which now requires companies to mark digital assets to market at the end of each quarter.
On the financial side, Tesla reported $19.34 billion in revenue for Q1—short of analysts’ consensus estimate of $21.37 billion. Still, TSLA stock rose more than 2% in after-hours trading as investors digested the earnings results and steady crypto positioning.
