Key Takeaway
Tesla joined a wave of firms profiting from Bitcoin, as treasury allocations hit $810M in a week. With Bitcoin surging to $123K, companies like Tesla and Metaplanet are doubling down on crypto treasury holdings.
In a dramatic turnaround, Tesla reported a $284 million profit from its Bitcoin [BTC] holdings in Q2 2025, reversing the $125 million loss from the previous quarter.
The company’s quarterly earnings report also revealed a surge in net income to $1.2 billion, nearly triple the $409 million it earned in Q1.
The boost follows a broader recovery in the cryptocurrency market and changes in accounting rules that now let companies report unrealized gains from crypto assets in their quarterly results.
Tesla – Revenue report
Tesla’s total revenue stood at $22.5 billion for Q2, marking a 12% decline year-over-year.
Operating income was reported at $923 million, with adjusted EBITDA reaching $3.4 billion.
As of the end of the quarter, Tesla held $36.8 billion in cash and investments.
Interestingly, Tesla’s strong crypto performance also coincided with an industry-wide spike in Bitcoin treasury activity.
Between the 14th and the 19th of July, at least 21 companies collectively added around $810 million worth of Bitcoin to their balance sheets.
The data reflects a broader shift in how public companies are incorporating Bitcoin into long-term corporate strategy.
Rise in Bitcoin’s institutional adoption
That being said, a growing number of firms are now bolstering their crypto exposure, led by MicroStrategy’s aggressive acquisition strategy.
According to industry analyst btcNLNico, MicroStrategy picked up an additional 4,225 BTC during the period.
Metaplanet added 797 BTC, Sequans Communications acquired 683 BTC, and The Smarter Web Company purchased 325 BTC. Despite Tesla’s recent gains, it has been overtaken by Japan’s Metaplanet in terms of total Bitcoin assets.
Notably, Metaplanet reported holding 12,345 BTC, slightly ahead of Tesla’s 11,509 BTC, based on its latest SEC filing.
What’s more to Tesla’s BTC bet?
Nevertheless, Tesla continues to dominate its core business sector, maintaining a leading position in the electric vehicle and autonomous driving markets.
The company also emphasized advancements in AI and self-driving capabilities in its Q2 update.
This coincided with Bitcoin trading at $118,075.41, reflecting a slight dip of 0.44% in the past 24 hours, according to CoinMarketCap.
Meanwhile, Tesla’s stock was marginally up by 0.14%, trading at $332.56, based on Google Finance data.
Therefore, as Bitcoin continues to mature as a treasury asset, Tesla’s latest results signal a trend that may well reshape boardroom decisions in the quarters ahead.
