24-7-2025 – Tesla’s bitcoin portfolio has swelled to approximately $1.2 billion following a 30% cryptocurrency rally in the second quarter, with new accounting standards allowing the electric vehicle maker to report quarterly gains for the first time. The company holds 11,509 BTC, making it the tenth-largest public bitcoin holder according to BitcoinTreasuries.Net.

Bitcoin’s climb from $83,000 on April 1 to current levels around $118,000 has directly benefited Tesla’s balance sheet under revised Financial Accounting Standards Board (FASB) rules that took effect in Q1 2025. The regulatory change permits companies to report digital assets at fair market value each quarter, replacing the previous requirement to record cryptocurrencies at their lowest historical value during the holding period.

Under the old accounting method, Tesla’s bitcoin gains remained invisible to shareholders even during market recoveries, as companies could only recognize impairment losses. The updated standards now provide quarterly snapshots of actual crypto performance, giving investors clearer visibility into digital asset exposure.

Tesla reported second-quarter revenue of $22.5 billion, slightly exceeding analyst expectations of $22.3 billion, while earnings per share met forecasts at $0.40. The company’s stock gained 0.71% in after-hours trading to $331.56 following the earnings release.