Tesla Holds Onto $1 Billion in $BTC Despite Q1 Revenue Miss

Tesla has reaffirmed its long-term commitment to Bitcoin by maintaining its holdings of 11,509 BTC through the first quarter of 2025, with no additional purchases or sales. This “HODL” strategy has been consistent since Tesla’s initial investment in 2021, when it became one of the first major companies to add Bitcoin to its balance sheet.

As of the end of Q1 2025, the book value of Tesla’s Bitcoin holdings was approximately $951 million, down from $1.076 billion at the end of 2024 due to the temporary dip in Bitcoin prices.

However, with the recent rally in Bitcoin’s price to around $93,000, the market value of Tesla’s crypto assets has once again exceeded $1 billion.

This strategy aligns with new Financial Accounting Standards Board (FASB) guidelines, which now require companies to report the fair market value of digital assets quarterly.

Despite facing financial challenges in its core electric vehicle business—reporting $19.34 billion in Q1 revenue, below analysts’ expectations—Tesla continues to view Bitcoin as a strategic long-term asset.

With this position, Tesla remains one of the largest corporate holders of Bitcoin in the world, demonstrating its continued confidence in the cryptocurrency as a store of value.