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 a current value of around $77,491.63 per coin. The company recorded a post-tax impairment loss of $173 million on its digital assets, as stated in its quarterly earnings report. This decline in value is attributed to the drop in bitcoin's price from approximately $90,000 at the start of the year to roughly $68,000 by the end of March. Although Tesla exceeded earnings expectations, it fell short of revenue predictions, reporting $22.39 billion in revenue compared to analyst estimates of $22.71 billion. The company's earnings per share were $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 then sold around 10% of its holdings the following month to assess market liquidity. By July 2022, during a bear market, Tesla reduced its bitcoin position to 9,720 BTC. In January 2025, the company slightly increased its holdings to 11,509 BTC, where they have remained unchanged.