Tesla’s Bitcoin Valuation Hits $1.2B After Q2 Crypto Rally and New Accounting Rule
Tesla’s bitcoin holdings have risen sharply to $1.2 billion, driven by a 30% price surge in Q2 and aided by a new accounting rule that lets firms report crypto at fair market value.
According to its latest earnings report, Tesla (TSLA) holds 11,509 BTC, placing it among the top ten publicly traded companies with bitcoin on their balance sheets, per BitcoinTreasuries.net. The value of its holdings soared as bitcoin climbed from $83,000 in early April to over $118,000 by quarter’s end.
The boost coincides with a significant shift in financial reporting. Under rules approved by the Financial Accounting Standards Board (FASB), U.S. companies are now required to reflect the current market value of their digital assets on a quarterly basis. Prior to this, firms had to record the lowest price point during the holding period, a conservative method that often masked recovery gains.
The change, which became mandatory in Q1 2025, has brought added clarity to Tesla’s crypto exposure and allowed unrealized gains to appear directly in quarterly results.
Tesla also topped Wall Street estimates for the quarter, posting $22.5 billion in revenue (vs. $22.3B expected) and $0.40 EPS, matching consensus. TSLA shares gained 0.71% in after-hours trading, reaching $331.56.
