Tesla’s (TSLA) bitcoin holdings remained stable during the fourth quarter of 2025, remaining at 11,509 coins.
The value of this stack, however, declined significantly as the price of bitcoin fell from around $114,000 to $88,000 in the last three months of the year.
The decline forced Tesla to book an after-tax impairment loss of approximately $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 disclosed ownership of 43,200 bitcoins in February 2021, then worth approximately $1.7 billion. Testing liquidity, the company soon after unloaded a small portion of that sum, but then – losing its cool at the worst possible time – Musk and his team sold about 75% of the company’s stack at a level fairly close to the bottom of the 2022 Bitcoin bear market.
Holdings have remained relatively stable since this 2022 sale.
Overall gains
For the fourth quarter, Tesla reported revenue of $24.9 billion, below estimates of $25.1 billion. Adjusted earnings per share of $0.50 beat consensus forecasts of $0.45.
TSLA was up 3.4% in after-hours trading.
