Musk Still Won't Quit $BTC and $DOGE: Tesla's Q3 Crypto Love Letter Lands in SEC Filing

Tesla disclosed in its Q3 2025 SEC filing that it still holds $BTC and $DOGE on its balance sheet, alongside a $1.2 billion mark-to-market revaluation that helped lift third-quarter results. The disclosure, made public last week, comes nearly four years after Tesla first added $BTC to its corporate treasury in February 2021 and later trimmed 75% of that position in mid-2022. Filings do not break out the current split between the two tokens.

Elon Musk has repeatedly confirmed his personal affinity for both assets, posting on X in March 2024 that "I still own & won't sell my Bitcoin, Ethereum or Doge fwiw" and describing himself as a "Dogefather" as early as April 2019. Tesla also briefly accepted $DOGE for select merchandise in early 2022 before pausing the program. Musk has previously credited $DOGE with early influence on his thinking about transaction throughput and fees.

Tesla's $BTC purchases in early 2021 made it the first major automaker to add the asset to its balance sheet, a move that coincided with record $BTC prices above $60,000 and prompted other public companies to follow. The company has not added to its $BTC position since 2021 and has not announced any $DOGE purchases, leaving the size of its $DOGE holding undisclosed.

Market data referenced in affiliate-published "best crypto to buy" roundups lists $BTC trading around $114,000 and $DOGE near $0.1989 at the time of publication, though those figures are not derived from Tesla's filing. Roundups continue to include both assets among their featured picks alongside names such as Solana ($SOL), Hyperliquid ($HYPE), XRP ($XRP), and Sui ($SUI).

Affiliate disclosure language appended to the roundups states that commissions may be earned via embedded links and that "our editorial content is created independently of our marketing partnerships," with rankings "based solely on our established evaluation criteria." A standard disclaimer notes that crypto is a high-risk asset class and the content "does not constitute investment advice."