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

In the first quarter of 2026, Tesla, owned by Elon Musk, maintained its bitcoin holdings of 11,509 BTC, valued at $78,022.93. The company reported an after-tax impairment loss of $173 million on its digital assets in its quarterly earnings report. The decline in bitcoin's value, from $90,000 at the start of the year to $68,000 by the end of March, contributed to the loss. Despite reporting better-than-expected earnings, Tesla's revenue of $22.39 billion fell short of analyst estimates of $22.71 billion. However, the company's earnings per share exceeded expectations at $0.41, compared to the forecasted $0.37. Following the report, Tesla's stock price rose by 4% in after-hours trading. The company first invested in bitcoin in February 2021, purchasing 43,200 BTC for $1.5 billion. After selling a portion of its holdings, Tesla's bitcoin reserves fluctuated before reaching the current 11,509 BTC in January 2025.