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

In the first quarter of 2026, Tesla, led by Elon Musk, reported no change in its bitcoin holdings, which remain at 11,509 BTC, with each bitcoin valued at $77,572.88. The company incurred an after-tax loss of $173 million on its digital assets, as stated in its quarterly earnings report. The decline in the value of its bitcoin stash was largely due to the drop in bitcoin's price from around $90,000 at the start 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 consensus forecast of $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. Tesla first ventured into bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. The company then sold about 10% of its holdings, or 4,320 BTC, to assess market liquidity. By July 2022, during a bear market, Tesla reduced its bitcoin position to 9,720 BTC. A minor increase in January 2025 brought its holdings to the current 11,509 BTC.