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

Tesla, led by Elon Musk, reported no changes in its bitcoin holdings in the first quarter of 2026, maintaining its existing stash of 11,509 BTC. The company recorded an after-tax impairment loss of $173 million on its digital assets, as indicated in its Q1 earnings report. The decline in the value of its bitcoin holdings was largely attributed 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. Although Tesla's earnings 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 rose by 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. Later, in July 2022, during a bear market, the company reduced its bitcoin holdings to 9,720 BTC. A minor increase in January 2025 brought the total to 11,509 BTC, which has remained unchanged since then.