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

Tesla, led by Elon Musk, reported no change in its bitcoin holdings during the first quarter of 2026, maintaining its existing stockpile of 11,509 BTC. The company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. The decline in value was due to the decrease in bitcoin's price from around $90,000 at the start of the year to approximately $68,000 by the end of March. Tesla's earnings exceeded expectations, but revenue fell short, with $22.39 billion reported, slightly below the estimated $22.71 billion. Earnings per share were $0.41, surpassing 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 about $1.5 billion, and later sold 10% of its holdings to test market liquidity. By July 2022, the company reduced its position to 9,720 BTC, and after a minor increase in January 2025, its holdings have remained at 11,509 BTC.