Tesla Doubles Down on Bitcoin: $1.25B Hodl Signals Unshaken Crypto Faith

Elon Musk’s electric empire isn’t hitting the brakes on Bitcoin—despite Wall Street’s sweaty palms over crypto volatility. Tesla’s Q2 2025 filings reveal the automaker’s cold storage wallets still bulge with $1.25 billion worth of BTC.

The big reveal: No coins moved since last quarter. Not a single satoshi sold. Either Musk’s playing 4D chess—or he’s waiting for traditional finance bros to finish hyperventilating into their gold-plated fiat wallets.

Why it matters: Corporate treasuries dumping Bitcoin at the first sign of market turbulence became a tired 2023 trend. Tesla’s diamond-handed stance throws shade at weak-handed CFOs who still think ’digital gold’ means Fort Knox screensavers.

The move comes as institutional adoption hits new highs—BlackRock’s spot BTC ETF now holds more coins than MicroStrategy. Maybe those ’magic internet money’ skeptics should check the blockchain receipts.

Tesla’s Bitcoin Holdings Confirmed

Based on reports, Tesla keeps its coins with Coinbase Prime Custody. The move underlines the firm’s comfort with holding large amounts of Bitcoin.

A drop of 1% in the last 24 hours hasn’t prompted any sell-off. Back in 2021, Tesla spent $1.5 billion to buy Bitcoin. It later sold slices worth about $1.2 billion, but never fully cashed out.

Tesla now holds over $1.25 Billion of BTC.

Elon Musk is bullish on Bitcoin. pic.twitter.com/rNbzOP1QPJ

— Arkham (@arkham) May 23, 2025

Corporate Buyers Step In

More firms are piling into Bitcoin, and they’re buying at scale. Strategy Inc., led by Michael Saylor, holds 576,230 BTC after adding 7,390 coins for $765 million.

That MOVE sent its stock over $400. A tech outfit trading under ticker 3350.T has 7,800 BTC on its books. It plans to reach 10,000 BTC and saw its stock jump 15% after a latest purchase of 1,004 coins.

US President Donald Trump’s return to office this year has sparked fresh interest in public Bitcoin holdings. New Hampshire passed a bill on May 6 that lets certain state funds put up to 5% into Bitcoin and other big crypto assets.

In Texas, the House approved Senate Bill 21 on May 22 by a 101–42 vote, setting up a Texas Strategic bitcoin Reserve. Governors in both states are weighing when to sign. Arizona also cleared a fund for unclaimed property to go into crypto back on May 7.

Tesla’s 11,900 BTC sits well below its original 43,200-coin haul from 2021. Strategy Inc.’s 576,230 coins are worth over $62 billion at current prices.

The 3350.T outfit’s 7,800 BTC equals about $850 million. State plans vary, but New Hampshire’s cap could see millions shift into Bitcoin this year. Texas’s bill doesn’t set a dollar limit, but any move WOULD mark a first for a major state.

Investors and public bodies have watched Bitcoin’s price swings for clues before putting money to work. Tesla’s steady hold shows faith hasn’t waned. Corporate purchases keep headlines busy, while state plans hint at a new chapter in US finance.

Market watchers will be looking for signatures on those bills and any fresh moves from other states. For now, the story is clear: big players still see Bitcoin as worth owning.

Featured image from Unsplash, chart from TradingView