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

Tesla, led by Elon Musk, reported no change in its bitcoin holdings during the first quarter of 2026, maintaining its stockpile of 11,509 BTC, with each unit valued at $77,684.55. The company recorded a post-tax impairment loss of $173 million on its digital assets, as per its Q1 earnings report. The value of its bitcoin stash decreased due to the cryptocurrency's decline from around $90,000 at the start of the year to roughly $68,000 by the end of March. Tesla posted better-than-expected earnings but fell short of revenue expectations, reporting $22.39 billion in revenue, slightly below the $22.71 billion forecast by analysts. Earnings per share were $0.41, exceeding the consensus 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 approximately $1.5 billion. It then sold around 10% of its holdings to test market liquidity. By July 2022, the company had reduced its bitcoin position to 9,720 BTC due to the bear market. A minor increase in January 2025 brought its holdings to 11,509 BTC, where they have remained unchanged.