Tesla holds Bitcoin, reports $239M unrealized loss in Q4

Tesla held 11,509 Bitcoins in Q4 2025, incurring a $239M unrealized loss as prices fell from $114,000 to $88,000. No coins were bought or sold, reflecting a steady digital asset strategy.

Tesla maintained its Bitcoin holdings at 11,509 coins throughout the fourth quarter of 2025, making no purchases or sales during this period. As Bitcoin’s price dropped from approximately $114,000 to $88,000, the value of these holdings declined significantly, resulting in an after-tax impairment loss of about $239 million. This loss is an unrealized accounting impairment, reflecting the decrease in market value rather than any actual asset sales. Tesla’s decision to hold its Bitcoin position steady signals a more conservative and long-term treasury strategy compared to previous years, especially after a major sale of its Bitcoin holdings in 2022. Despite missing revenue expectations, Tesla exceeded earnings per share forecasts, and its stock rose 3.4% in after-hours trading. The company’s commitment to maintaining its digital asset strategy highlights its cautious approach amid ongoing market volatility.