Tesla's Bitcoin Holdings Remain Steady, Incurs $173 Million Loss on Digital Assets

In the first quarter of 2026, Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $77,693.17. The company reported an after-tax impairment loss of $173 million related to its digital assets. The decline in the value of its bitcoin stash was largely due to the cryptocurrency's price drop from approximately $90,000 at the beginning of the year to roughly $68,000 by the end of March. Tesla posted better-than-expected earnings but fell short of revenue expectations, with $22.39 billion in revenue and earnings per share of $0.41. Following the earnings 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 about $1.5 billion. The company later sold a portion of its holdings and has since adjusted its position, with its most recent increase in January 2025 bringing its total to 11,509 BTC, where it remains.