Tesla’s ( TSLA ) bitcoin holdings remained flat in the fourth quarter of 2025, continuing at 11,509 coins.
However, the value of this stack declined significantly as the price of bitcoin fell from around $114,000 to $88,000 during the last three months of the year.
That decline forced Tesla to post 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 of bitcoin
Led by Elon Musk, in February 2021 Tesla disclosed ownership of 43,200 bitcoins, then worth around $1.7 billion. Testing the waters for liquidity, the company soon unloaded a small portion of it, but then—losing their nerve at about the worst possible time—Musk and team sold about 75% of the company’s stake pretty close to bitcoin’s 2022 bear market bottom.
The inventory has been relatively stable since the sale in 2022.
Total 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 topped the consensus forecast of $0.45.
TSLA was higher by 3.4% in after-hours trading.
