5.3 Investments 特斯拉2025年Q4比特币持有量维持11,509枚，因币价下跌录得2.39亿美元未实现减值损失，期间未出售资产。
特斯拉在2025年第四季度继续持有11,509枚比特币，期间未进行任何买入或卖出操作。随着比特币价格从约114,000美元下跌至88,000美元，公司所持数字资产的账面价值大幅缩水，导致录得约2.39亿美元的税后未实现减值损失。该损失属于会计上的减值，反映市场价格下跌，并非实际出售资产所致。与2022年大规模出售比特币不同，特斯拉此次采取了更为保守和长期的数字资产策略。尽管营收未达预期，但每股收益超出市场预测，盘后股价上涨3.4%。公司坚持持有比特币，显示其在波动市场环境下对数字资产配置的信心。
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