BTC Holdings
11,509 BTC
Insufficient history
Stock Price
$348.95
180d
Total financing
8.17B USD
180d
mNAV
1607.62x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
307
180d
Mkt cap
1.31T USD
Shares
3.75B
Fiat reserve
16.51B USD
Total reserve
17.33B USD
Dilution
0.0%
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$137.8B▲12.9%
Total Liabilities$54.9B▲13.5%
Stockholders' Equity$82.1B▲12.7%
Cash & Equivalents$16.5B▲2.3%
Total Debt$6.6B▲19.0%
Digital Assets$1B▼6.3%
Income Statement
Revenue$94.8B▼2.9%
Operating Income$4.4B▼38.5%
Net Income$3.8B▼46.5%
Interest Expense$292M▲5.4%
Cash Flow
Operating Cash Flow$14.7B▼1.2%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | BTC Rating |
|---|---|---|---|---|---|
| TSLA-AutoABS | … – Jun '35 | — | 3.25B USD | 3.25B USD | >10x |
| TSLA-ChinaWCF | Jan '24 – Apr '29 | — | 5.72B USD | 4.29B USD | >10x |
| TSLA-EnergyABS | Jan '24 – Jun '50 | — | 499.00M USD | 397.00M USD | >10x |
| TSLA-CashEq | Jan '16 – Jan '35 | — | 502.00M USD | 240.00M USD | >10x |
| Total | 8.17B USD | ||||
Recent Changes
Wed, Dec 31, 2025
Shares Outstanding
3.32B→3.75B+427.0M(+12.8%)
Form 10-K (FY 2025)
Debt OutstandingIssuanceTSLA-RCF
0
Fully undrawn; $5B committed
Form 10-K (FY 2025)Debt OutstandingIssuanceTSLA-AutoABS
3.25B
Unpaid principal balance across multiple ABS series
Form 10-K (FY 2025)Debt OutstandingDrawTSLA-ChinaWCF
4.29B
Drawn amount; $1,429M unused committed
Form 10-K (FY 2025)Debt OutstandingIssuanceTSLA-EnergyABS
397.0M
Unpaid principal balance
Form 10-K (FY 2025)Debt OutstandingIssuanceTSLA-CashEq
240.0M
Unpaid principal balance; originally $502M issued in 2016
Form 10-K (FY 2025)Fiat Reserve
18.29B→16.51B-1.78B(-9.7%)USD
Form 10-K (FY 2025)