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

In the first quarter of 2026, Tesla's bitcoin holdings remained unchanged, with the company retaining its existing stock of 11,509 BTC, valued at around $77,382.18 per bitcoin. The company reported an after-tax impairment loss of $173 million related to its digital assets in its quarterly earnings report. The decline in the value of its bitcoin holdings resulted from the cryptocurrency's price drop from approximately $90,000 at the start of the year to roughly $68,000 by the end of March. Tesla's earnings exceeded expectations, although revenue fell short, with the company reporting $22.39 billion in revenue for the quarter, slightly below the estimated $22.71 billion. Earnings per share were $0.41, surpassing the forecasted $0.37. Following the earnings report, Tesla's stock price rose 4% in after-hours trading. The company's history with bitcoin began in February 2021, when it initially purchased 43,200 BTC for approximately $1.5 billion. A month later, Tesla sold around 10% of its holdings to test market liquidity. By July 2022, during a bear market, Tesla reduced its bitcoin position to 9,720 BTC. The company's holdings then increased to 11,509 BTC in January 2025 and have remained steady since.