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

Tesla, led by Elon Musk, reported no change in its bitcoin holdings in the first quarter of 2026, maintaining its stockpile of 11,509 BTC, valued at $77,874.88. The company incurred an after-tax impairment loss of $173 million on its digital assets, according to its Q1 earnings report. The value of its bitcoin stash decreased as the cryptocurrency's price dropped from around $90,000 at the start of the year to roughly $68,000 by the end of March. Tesla's earnings exceeded expectations, but revenue fell short, with $22.39 billion in revenue, slightly below analyst estimates of $22.71 billion. Earnings per share were $0.41, surpassing the consensus forecast of $0.37. Tesla's stock rose 4% in after-hours trading. The company first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. After selling around 10% of its position to test market liquidity, Tesla's holdings fluctuated, reaching 9,720 BTC by July 2022. A small increase in January 2025 brought its holdings to 11,509 BTC, where they have remained steady.