Tesla’s bitcoin holdings have jumped to approximately $1.2 billion, following a 30% surge in the cryptocurrency’s price during the second quarter. The company holds 11,509 BTC, making it the tenth-largest publicly traded firm with bitcoin on its balance sheet, according to BitcoinTreasuries.Net. Bitcoin is currently trading around $118,000, up from $83,000 on April 1.

Thanks to a new rule by the Financial Accounting Standards Board (FASB), companies can now report the fair market value of crypto assets each quarter. This rule, which took effect in Q1 2025, replaces the older method that required reporting digital assets at their lowest value during the holding period, often ignoring market rebounds.

Tesla can now recognize its bitcoin gains quarterly, giving shareholders a clearer and more accurate view of its digital asset performance. The update is seen as a positive shift for corporate crypto adoption, offering more transparency and encouraging other firms to follow suit.

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