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

In the first quarter of 2026, Elon Musk's Tesla maintained its bitcoin holdings at 11,509 BTC, with each coin valued at $78,062.33. The company's latest earnings report revealed an after-tax impairment loss of $173 million on its digital assets. This loss is attributed to the decline in bitcoin's value, which dropped from around $90,000 at the beginning of the year to approximately $68,000 by the end of March. Despite reporting higher-than-expected earnings, Tesla's revenue of $22.39 billion fell short of analyst estimates of $22.71 billion. The company's earnings per share were $0.41, exceeding the consensus forecast of $0.37. Following the report, Tesla's stock price rose by 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for about $1.5 billion. The company later sold 10% of its holdings to test market liquidity and reduced its position to 9,720 BTC by July 2022. In January 2025, Tesla increased its bitcoin holdings to 11,509 BTC, which has remained unchanged since then.