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

In the first quarter of 2026, Tesla, led by Elon Musk, reported no change in its bitcoin holdings, retaining its 11,509 BTC stash. The company's bitcoin valuation was approximately $77,365.11 per coin. According to its quarterly earnings report, Tesla posted 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 reporting higher-than-expected earnings, the company's revenue of $22.39 billion fell slightly short of analyst estimates of $22.71 billion. However, earnings per share exceeded expectations at $0.41, surpassing the consensus 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 about $1.5 billion. The company later sold a portion of its holdings, approximately 4,320 BTC, to test market liquidity. By July 2022, Tesla had reduced its bitcoin holdings to 9,720 BTC during the bear market. A minor increase in January 2025 brought the total to 11,509 BTC, which has remained unchanged since then.