Elon Musk’s Tesla earned $80 million from Bitcoin investments, but did not sell a single coin.
According to its financial report, the electric vehicle manufacturer continued to hold 11,509 BTC, worth $1,31 billion, as of September 30, in the third quarter of 2025. The value of the cryptocurrency on the company’s balance sheet has increased by $80 million since the end of the second quarter, meaning the company has realized unrealized profits due to the coin’s appreciation.
As a reminder, Tesla employees purchased $1,5 billion worth of Bitcoin in 2021 and sold approximately 75% of their digital assets by mid-2022. Last year, the company held $722 million worth of the cryptocurrency, meaning the value of the company’s coins nearly doubled thanks to the bullish rally in the BTC market.
Despite Bitcoin’s impressive price performance, the company doesn’t use its profits to increase its coin reserves and doesn’t even accept BTC as payment for electric vehicles, citing that cryptocurrency is mined using electricity generated at environmentally damaging thermal power plants.
Bitcoin price growth over the past year
Overall, the third quarter of 2025 was a successful one for Tesla. The company’s revenue increased by 12% compared to the same period in 2024, reaching $28,09 billion. However, the company’s gross profit increased by only 1%, reaching $5,05 billion, which is, however, 60% higher than the figure recorded in the disastrous first quarter.