“The company’s bitcoin stack remained at 11,509 coins, worth about $1 billion at BTC’s current price near $89,000.”, — write: www.coindesk.com
The value of that stack, though, declined markedly as the price of bitcoin tumbled from roughly $114,000 to $88,000 during the final three months of the year.
That decline forced Tesla to book an after-tax impairment loss of about $239 million on its digital asset holdings, according to the company’s just-released fourth-quarter earnings report.
History with bitcoinLed by Elon Musk, Tesla in February 2021 disclosed ownership of 43,200 bitcoins, then worth about $1.7 billion. Testing the waters for liquidity, the company shortly afterward unloaded a small portion of that, but then — losing their nerve at about the worst possible time — Musk and team sold about 75% of the company’s stack at fairly close to bitcoin’s 2022 bear-market bottom.
Holdings have remained relatively stable since that 2022 sale.
Overall earningsFor the fourth quarter, Tesla reported revenue of $24.9 billion, shy of estimates for $25.1 billion. Adjusted earnings per share of $0.50 topped the consensus forecast of $0.45.
TSLA was higher by 3.4% in after hours trading.
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
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In its fourth quarter earnings report, Meta said capital spending plans for 2026 should be in the range of $115-$135 billion, well ahead of consensus forecasts.
- Fourth-quarter earnings results from Microsoft (MSFT) and Meta (META) suggested no slowdown in AI-related spending.
- Microsoft highlighted that AI is now one of its largest businesses and pointed to long-term growth.
- Meta projected sharply higher capital spending in 2026 to fund its Meta Super Intelligence Labs and core business.
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