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

Tesla, led by Elon Musk, has reported no changes in its bitcoin holdings for the first quarter of 2026, retaining its existing stock of 11,509 BTC. According to the company's quarterly earnings report, Tesla incurred an after-tax loss of $173 million on its digital assets. This decline in value is attributed to the drop in bitcoin's price, from around $90,000 at the beginning of the year to approximately $68,000 by the end of March. Tesla's earnings exceeded expectations, although revenue fell short, with $22.39 billion reported, slightly below the estimated $22.71 billion. The company's earnings per share were $0.41, surpassing the forecasted $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. Tesla's history with bitcoin began in February 2021, when it initially purchased 43,200 BTC for around $1.5 billion. The following month, the company sold approximately 10% of its holdings, or 4,320 BTC, to assess market liquidity. By July 2022, during a bear market, Tesla reduced its bitcoin holdings to 9,720 BTC. A minor increase in January 2025 brought the total to 11,509 BTC, where it has remained.