Tesla and Block continue to maintain profitable Bitcoin treasuries, setting them apart from many corporate peers who face unrealized losses due to higher average acquisition prices.
Tesla holds 11,509 BTC with a total cost basis of roughly $386 million to $387 million. The company originally deployed approximately $1.5 billion into Bitcoin in early 2021 before selling roughly 75% of that position in the second quarter of 2022. This sale left Tesla with a leaner, lower-average-cost remainder that has remained stable since 2022. Under fair-value accounting rules requiring companies to mark crypto assets to market each quarter, Tesla reported an $80 million gain from its Bitcoin holdings in the third quarter of 2025.
Block took a steadier approach, beginning its purchases in 2020 and continuing through 2021 to accumulate about 9,117 BTC at an original outlay of roughly $220 million. Jack Dorsey’s payments company has maintained incremental dollar-cost averaging additions since then without significantly shifting its average cost upward.
Both Tesla and Block rank among the top 15 public companies by Bitcoin holdings. Their early entry and restructuring strategies contrast with peers who entered the market at higher prices during later cycles, allowing them to avoid the unrealized losses and impairment issues that affect other corporate holders under current fair-value accounting standards.
