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

Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, worth $77,808.74, during the first quarter of 2026. The company's digital asset holdings resulted in an after-tax impairment loss of $173 million, as reported in its quarterly earnings. The decline in bitcoin's value, from around $90,000 at the start of the year to roughly $68,000 by the end of March, contributed to the loss. Tesla's earnings surpassed expectations, but revenue fell short at $22.39 billion, slightly below analyst estimates of $22.71 billion. Earnings per share were $0.41, exceeding the forecast of $0.37. Following the report, TSLA stock rose 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. After selling 10% of its position to test market liquidity, the company reduced its holdings to 9,720 BTC by July 2022. A minor increase in January 2025 brought the total to 11,509 BTC, which has remained unchanged since then.