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

Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC in the first quarter of 2026, with no changes to its digital asset portfolio. The company incurred an after-tax impairment loss of $173 million on its digital assets, as per its Q1 earnings report. The decline in bitcoin's value, from around $90,000 at the start of the year to about $68,000 by the end of March, contributed to the loss. Tesla reported earnings that surpassed expectations but fell short on revenue, with $22.39 billion in revenue and $0.41 earnings per share. The company's stock rose 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for roughly $1.5 billion. After selling a portion of its holdings, the company's bitcoin reserve fluctuated before reaching its current level of 11,509 BTC in January 2025.