“The company’s digital asset holdings were valued at $1.315 billion as of Sept. 30 versus $1.235 billion three months earlier.”, — write: www.coindesk.com
The rise in bitcoin’s value during the third quarter allowed the company to book an $80 million gain on its holdings. For perspective, adjusted EBITDA for the quarter was $4.3 billion and the company was sitting on total cash and equivalents of $41.6 billion as of the end of the quarter.
The electric vehicle manufacturer reported third quarter revenue of $28.1 billion, topping estimates for $26.36 billion. Adjusted EPS (which would not include digital asset gains) of $0.50 was shy of forecasts for $0.54.
Thanks to new FASB rules, Tesla must now recognize bitcoin gains or losses every quarter. Previously, firms were required to mark their holdings down to the lowest value reached during the reporting period.
Shares of TSLA are modestly lower in after hours trading at $434.
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
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Max Branzburg said the new card is now open to US users who are members of Coinbase One, offering up to 4% back in bitcoin on every purchase.
- Coinbase says its Coinbase One Card is now open to US customers who are, or become, Coinbase One members at $49.99 a year.
- Coinbase’s new card offers up to 4% back in bitcoin, no foreign transaction fees, and lets users pay their bill from a linked bank account or with crypto held on Coinbase.
- On Oct. 20, Gemini announced the Solana edition of the Gemini Credit Card with category bonuses, merchant offers up to 10% and optional auto-staking for SOL rewards.
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