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

In the first quarter of 2026, Elon Musk's Tesla maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $78,284.45. The company's digital asset holdings resulted in an after-tax impairment loss of $173 million, as reported in its quarterly earnings statement. The decline in the value of its bitcoin stash was attributed to the drop in bitcoin's price from around $90,000 at the start of the year to approximately $68,000 by the end of March. Although Tesla's earnings exceeded expectations, its revenue of $22.39 billion fell short of analyst estimates of $22.71 billion. The company's earnings per share were $0.41, surpassing the forecast of $0.37. Following the earnings report, Tesla's stock price rose by 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for about $1.5 billion. The company later sold 10% of its bitcoin holdings to test market liquidity and reduced its position to 9,720 BTC by July 2022. In January 2025, Tesla's bitcoin holdings increased slightly to 11,509 BTC, where they have remained unchanged.