Elon Musk's companies continue to bet on Bitcoin

Elon Musk's companies, such as Tesla and SpaceX, clearly see bitcoin as a long-term investment - similar to digital gold - and not as a short-term speculative asset. This is reflected in their financial results for the fourth quarter of 2025: despite a 23% fall in the price, they did not sell any BTC.

Tesla kept its 11,509 BTC unchanged, generating an after-tax loss of $239 million as the price fell from around $114,000 to $88,000 or $89,000. Despite this drop, the company chose not to sell, as confirmed by Elon Musk and CFO Vaibhav Taneja on the earnings conference call. Bitcoin now deliberately serves as a strategic reserve asset on the balance sheet, alongside cash of over $44 billion - a strong signal of confidence in scarcity and long-term value.

At SpaceX, which is preparing its IPO, the strategy is similar: no BTC sales, while many listed companies are shedding their crypto-assets due to the volatility of 2025. Musk's companies are therefore positioning bitcoin as advanced digital gold for reserves, not as a fast transaction.

(MP/The Global Money/Source: De Tijd - ir.tesla.com - Reuters/Illustration: Tesla Fans Schweiz via Unsplash)