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

Tesla, led by Elon Musk, reported no change in its bitcoin holdings in the first quarter of 2026, retaining its existing stockpile of 11,509 BTC, valued at approximately $77,596.39 per coin. The company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. This decline in value was largely attributed 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. Tesla's earnings exceeded expectations, although its revenue of $22.39 billion fell slightly short of 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 rose 4% in after-hours trading. Tesla first ventured into bitcoin in February 2021 with the purchase of 43,200 BTC for approximately $1.5 billion. The company later sold around 10% of its position to test market liquidity and has since adjusted its holdings, reaching the current level of 11,509 BTC by January 2025.