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

Tesla, led by Elon Musk, has reported no change in its bitcoin holdings for the first quarter of 2026, maintaining its existing stockpile of 11,509 BTC, which is now worth around $880 million at the current bitcoin price of roughly $78,000. The company incurred an after-tax loss of $173 million on its digital assets, as per its quarterly earnings report. The decline in the value of its bitcoin holdings can be attributed 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. Tesla posted better-than-expected earnings but fell short of revenue expectations, with revenue of $22.39 billion for the quarter, slightly lower than the estimated $22.71 billion. The earnings per share were $0.41, surpassing the forecast of $0.37. Following the release, TSLA stock saw a 4% increase in after-hours trading. Tesla's history with bitcoin began in February 2021 when it purchased 43,200 BTC for about $1.5 billion. The following month, it sold around 10% of its holdings, or 4,320 BTC, to test market liquidity. By July 2022, during the bear market, Tesla had reduced its bitcoin holdings to 9,720 BTC. A minor increase in January 2025 brought the total to 11,509 BTC, which has remained steady since.