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, which stood at 11,509 BTC, during the first quarter of 2026. The company's bitcoin stash, currently worth around $880 million, was unaffected, despite the cryptocurrency's price fluctuations. According to the company's quarterly earnings report, Tesla recorded a post-tax impairment loss of $173 million related to its digital assets. This loss was largely attributed to the decline in bitcoin's value, which dropped from approximately $90,000 at the start of the year to around $68,000 by the end of March. Tesla's earnings exceeded expectations, although revenue fell slightly short at $22.39 billion, compared to analyst estimates of $22.71 billion. The company reported earnings per share of $0.41, surpassing the consensus forecast of $0.37. As a result, TSLA stock rose 4% in after-hours trading. Tesla's history with bitcoin began in February 2021, when it purchased 43,200 BTC for roughly $1.5 billion. The following month, the company sold approximately 10% of its holdings, or 4,320 BTC, to assess market liquidity. By July 2022, Tesla had reduced its bitcoin position to 9,720 BTC. A minor increase in January 2025 brought the total to 11,509 BTC, where it has remained steady since.