Tesla's Bitcoin Holdings Remain Steady, Incurs $173 Million Loss on Digital Assets

In the first quarter of 2026, Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $78,231.28. Despite this, the company recorded a post-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. The decline in bitcoin's value, from roughly $90,000 at the beginning of the year to approximately $68,000 by the end of March, contributed to the loss. Tesla reported earnings that exceeded expectations but fell short of revenue projections, with $22.39 billion in revenue and $0.41 earnings per share. The company's stock price rose by 4% in after-hours trading. Tesla first entered the bitcoin market in February 2021 with the purchase of 43,200 BTC for $1.5 billion. After selling a portion of its holdings, the company's bitcoin stash fluctuated, eventually reaching 11,509 BTC in January 2025, where it has remained steady.