Tesla reported a $284 million gain from its Bitcoin holdings in Q2 2025, reversing a $125 million loss from the previous quarter. This contributed significantly to the company's net income of $1.2 billion – a sharp increase from Q1's $409 million. The gain resulted from Bitcoin's price surge, trading around $107,750 in July 2025, driven by ETF inflows and broader market momentum.
New accounting standards allowed Tesla to report unrealized gains on digital assets, improving transparency. Tesla holds approximately 11,500 BTC (valued over $1.2 billion), maintaining its position as a major institutional holder since its initial $1.5 billion purchase in 2021. Elon Musk acknowledged Bitcoin's role in boosting adjusted EBITDA to $3.4 billion, stating: "Adjusted EBITDA of $3.4 billion got a $284 million boost thanks to digital assets."
Despite a 12% year-on-year revenue decline to $22.5 billion due to slower automotive sales, Tesla leveraged crypto gains alongside AI and software growth to maintain profitability. Analysts highlight that Tesla's disclosure may encourage broader corporate Bitcoin adoption, noting historical price rallies following similar Tesla announcements.