Tesla's Bitcoin Holdings Remain Steady, Despite $173 Million Loss in 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 $77,680.66. The company's digital asset portfolio remained unchanged, but it incurred an after-tax impairment loss of $173 million. This loss was largely attributed to the decline in bitcoin's value, which dropped from around $90,000 at the start of the year to roughly $68,000 by the end of March. Although Tesla reported earnings that exceeded expectations, its revenue of $22.39 billion fell slightly short of analyst estimates of $22.71 billion. The company's earnings per share were $0.41, surpassing the consensus forecast of $0.37. Following the earnings report, Tesla's stock price increased by 4% in after-hours trading. The company's involvement with bitcoin began in February 2021, when it purchased 43,200 BTC for approximately $1.5 billion. After selling a portion of its holdings, Tesla's bitcoin reserves have fluctuated, eventually reaching 11,509 BTC in January 2025, where they have remained steady.