Tesla (TSLA) bitcoin holdings remained stable during the fourth quarter of 2025, continuing at 11,509 coins.
However, the value of that stack decreased noticeably as the price of bitcoin fell from about $114,000 to $88,000 during the last three months of the year.
That decline forced Tesla to record an after-tax impairment loss of about $239 million on its digital asset holdings, according to the company’s just-released fourth-quarter earnings report.
History with bitcoin
Led by Elon Musk, Tesla revealed in February 2021 ownership of 43,200 bitcoins, which were then worth around $1.7 billion. Testing the waters for liquidity, the company soon after unloaded a small portion of that, but then, losing its nerve at the worst possible time, Musk and his team sold about 75% of the company’s stack fairly close to the bottom of the bitcoin bear market in 2022.
Holdings have remained relatively stable since that 2022 sale.
Overall earnings
For the fourth quarter, Tesla reported revenue of $24.9 billion, missing estimates of $25.1 billion. Adjusted earnings per share of $0.50 beat the consensus forecast of $0.45.
TSLA rose 3.4% in after-hours trading.
