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 change in its bitcoin holdings, which remain at 11,509 BTC, with each bitcoin valued at $77,571.54. The company incurred an after-tax impairment loss of $173 million on its digital assets, as stated in its quarterly earnings report. The decline in the value of its bitcoin stash was attributed to the drop in bitcoin's price from around $90,000 at the beginning of the year to approximately $68,000 by the end of March. Although Tesla's earnings exceeded expectations, its revenue fell short, with $22.39 billion reported, slightly below the estimated $22.71 billion. The company's earnings per share were $0.41, surpassing the forecast of $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. Tesla first ventured into bitcoin in February 2021 with the purchase of 43,200 BTC for roughly $1.5 billion. The following month, it sold approximately 10% of its holdings to test market liquidity. By July 2022, during the bear market, Tesla had reduced its position to 9,720 BTC. A minor increase in January 2025 brought its holdings to 11,509 BTC, where they have since remained steady.