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

In the first quarter of 2026, Tesla, led by Elon Musk, reported no changes in its bitcoin holdings, which remained at 11,509 BTC, with each bitcoin valued at $77,570.88. The company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. This loss was largely attributed to the decline in bitcoin's value, which dropped from around $90,000 at the start of the year to roughly $68,000 by the end of March. Although Tesla's revenue of $22.39 billion fell short of analyst estimates of $22.71 billion, the company's earnings per share exceeded expectations at $0.41, surpassing the forecast of $0.37. Following the earnings report, TSLA stock saw a 4% increase in after-hours trading. Tesla's foray into bitcoin began in February 2021 with the purchase of 43,200 BTC for approximately $1.5 billion. The company later sold around 10% of its holdings to test market liquidity. By July 2022, Tesla had reduced its bitcoin position to 9,720 BTC amid a bear market. The holdings then increased slightly to 11,509 BTC in January 2025 and have since remained unchanged.