Tesla's Bitcoin Holdings Remain Steady, Despite $173 Million Loss in Digital Assets

Tesla, owned by Elon Musk, reported no changes in its bitcoin holdings during the first quarter of 2026, retaining its existing stock of 11,509 BTC. The company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. This loss was largely due to the decline in bitcoin's value, which dropped from around $90,000 at the beginning of the year to roughly $68,000 by the end of March. Although Tesla's earnings exceeded expectations, its revenue of $22.39 billion fell slightly short of analyst estimates of $22.71 billion. The company's earnings per share were $0.41, surpassing the forecast of $0.37. Following the report, TSLA stock rose by 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. It later sold about 10% of its holdings to test market liquidity. By July 2022, the company had reduced its bitcoin holdings to 9,720 BTC due to the bear market. In January 2025, Tesla slightly increased its holdings to 11,509 BTC, where they have remained steady.