Tesla's Bitcoin Holdings Remain Steady, While Digital Asset Losses Amount to $173 Million

Tesla, led by Elon Musk, reported no changes in its bitcoin holdings during the first quarter of 2026, maintaining its stash 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 largely due 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. Despite reporting better-than-expected earnings, Tesla fell short of revenue expectations with $22.39 billion, compared to analyst estimates of $22.71 billion. Earnings per share were $0.41, exceeding the forecast of $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. Tesla first entered the bitcoin market in February 2021 with the purchase of 43,200 BTC for roughly $1.5 billion. The company later sold about 10% of its holdings to test market liquidity. By July 2022, Tesla had reduced its bitcoin position to 9,720 BTC, which was later increased to 11,509 BTC in January 2025, where it remains today.