Tesla’s Bitcoin Holdings Climb to $1.2B Following Q2 Rally and New Accounting Standards

Tesla’s bitcoin stash has surged in value to $1.2 billion, fueled by a 30% price rally in Q2 and a new U.S. accounting rule that allows companies to report crypto holdings at fair market value.

The automaker holds 11,509 BTC, according to BitcoinTreasuries.net, making it the 10th-largest corporate holder of bitcoin. The asset’s price rose from roughly $83,000 on April 1 to over $118,000 by the end of the quarter.

The gain was amplified by a recent change from the Financial Accounting Standards Board (FASB), which now requires companies to mark their crypto assets to market each quarter. Previously, firms had to report the lowest value of their digital assets during the reporting period, often obscuring gains from rebounds in price.

The updated rule, effective as of Q1 2025, provides greater transparency and more accurate reporting of crypto asset performance on corporate balance sheets.

Tesla’s Q2 financial results came in slightly ahead of expectations, with $22.5 billion in revenue (versus $22.3 billion estimated) and earnings per share of $0.40, in line with forecasts. Shares of TSLA rose 0.71% after hours to $331.56.