#特斯拉持有11509枚BTC近四年未动

Tesla’s Q2 2026 financial report shows that the company still holds 11,509 BTC. Since it sold about 75% of its holdings in 2022, it has gone nearly four years without making any buy or sell transactions. This “stay put” stance stands out even more in the highly volatile crypto market.

During that period, Bitcoin went through massive swings—rising from a 2022 low to a peak of over $125k in 2025, and then falling back to around $60k. In Q2 2026, Bitcoin dropped 14%, and Tesla therefore confirmed a $112 million after-tax impairment loss. But this is an accounting-level paper loss, not a realized loss—at current prices, its holdings still have a significant unrealized gain versus its roughly $386 million cost basis.

Behind this is the FASB fair value accounting rule that took effect in 2024, requiring companies to value digital assets at the price at the end of each quarter. Tesla chose to bear the resulting earnings volatility rather than panic out of the position.

Unlike Strategy (MicroStrategy), which has made Bitcoin its core strategy with aggressive ongoing accumulation, Tesla’s approach is closer to a passive reserve—“buy it and forget it.” Four years of inaction means it treats Bitcoin as a long-term reserve asset rather than a short-term trading tool. In a time when AI and robotics have become strategic priorities, this silent holding may be one of Musk’s most steadfast signals of Bitcoin’s long-term value.