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

Tesla, led by Elon Musk, reported no change in its bitcoin holdings, which stood at 11,509 BTC, valued at $77,703.56, during the first quarter of 2026. The company's bitcoin stash has remained at this level, incurring an after-tax impairment loss of $173 million on its digital assets. This decline in value was largely due to the drop in bitcoin's price from around $90,000 at the start of the year to roughly $68,000 by the end of March. Despite this, Tesla reported better-than-expected earnings, albeit with revenue slightly below analyst estimates at $22.39 billion. The company's earnings per share were $0.41, surpassing the consensus forecast of $0.37. As a result, TSLA stock saw a 4% increase in after-hours trading. Tesla's involvement with bitcoin began in February 2021, when it initially purchased 43,200 BTC for approximately $1.5 billion. The company then sold around 10% of its holdings to test market liquidity and has since adjusted its position, reaching 11,509 BTC by January 2025, where it has remained steady.