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

In the first quarter of 2026, Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $77,581.03. The company reported an after-tax impairment loss of $173 million on its digital assets in its quarterly earnings report. The decline in the value of its bitcoin stash was largely due to the drop in bitcoin's price from $90,000 at the start of the year to around $68,000 by the end of March. Despite reporting earnings that exceeded expectations, Tesla's revenue of $22.39 billion fell slightly short of analyst estimates of $22.71 billion, while earnings per share were higher than forecast at $0.41. Following the earnings report, TSLA stock rose 4% in after-hours trading. Tesla first ventured into bitcoin in February 2021 with the purchase of 43,200 BTC for approximately $1.5 billion. After selling a portion of its holdings, the company's bitcoin reserves fluctuated, eventually increasing to 11,509 BTC by January 2025, where they have since remained steady.