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

In the first quarter of 2026, Elon Musk's Tesla maintained its existing bitcoin holdings of 11,509 BTC, with a current value of around $880 million. The company's latest earnings report revealed an after-tax impairment loss of $173 million on its digital assets. This decline in value stems from the decrease in bitcoin's price, which dropped from around $90,000 at the beginning of the year to roughly $68,000 by the end of March. Despite reporting higher-than-expected earnings, Tesla's revenue of $22.39 billion fell short of analyst estimates of $22.71 billion. However, the company's earnings per share exceeded forecasts at $0.41. Following the earnings report, Tesla's stock price rose by 4% in after-hours trading. The company first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion, and has since adjusted its holdings, with the current reserve remaining steady at 11,509 BTC since a small increase in January 2025.