Bitcoin News: Tesla Books $80 Million Profit on Bitcoin Holdings in Q3

Tesla reported an $80 million unrealized profit on its Bitcoin holdings during the third quarter, benefiting from the cryptocurrency’s price appreciation even as it made no changes to its digital asset position.Bitcoin Gains Boost Tesla’s Q3 ResultsAs of September 30, Tesla’s Bitcoin holdings were valued at $1.315 billion, up from $1.235 billion at the end of the previous quarter. The company continued to hold 11,509 BTC, worth roughly $1.35 billion at current market prices.The increase in Bitcoin’s valuation contributed to a paper gain of about $80 million, marking the first quarter in which Tesla recognized crypto-related profits under new FASB accounting rules, which now require firms to mark digital assets up or down each reporting period.Previously, companies were only allowed to record impairment losses when crypto prices declined, but not gains during rebounds — a rule that often understated asset valuations on balance sheets.Strong Revenue, Mixed EarningsBeyond its digital asset exposure, Tesla reported Q3 revenue of $28.1 billion, surpassing Wall Street expectations of $26.36 billion. However, adjusted earnings per share (EPS) came in at $0.50, missing the consensus estimate of $0.54.The company’s adjusted EBITDA reached $4.3 billion, and Tesla ended the quarter with $41.6 billion in total cash and equivalents, underscoring a robust liquidity position despite margin pressures and ongoing pricing adjustments across vehicle segments.Shares Slip Slightly After HoursFollowing the release of results, Tesla (TSLA) shares slipped modestly in after-hours trading, last seen around $434.Investors largely shrugged off the Bitcoin-related gain, focusing instead on Tesla’s automotive margins, pricing strategies, and the company’s ongoing rollout of its next-generation vehicle platform.Still, the crypto market viewed Tesla’s results as a sign of renewed corporate exposure to digital assets, particularly as Bitcoin continues to trade well above $100,000 amid rising institutional participation.