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 changes in its bitcoin holdings, maintaining its existing stockpile of 11,509 BTC, with each bitcoin valued at $77,946.33. The company incurred an after-tax loss of $173 million on its digital assets, as stated in its quarterly earnings report. This loss was attributed to the decline in bitcoin's value, which dropped from $90,000 at the beginning of the year to around $68,000 by the end of March. Although Tesla's earnings surpassed expectations, its 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 forecast of $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 approximately $1.5 billion. It then sold about 10% of its holdings to test market liquidity. By July 2022, Tesla had reduced its bitcoin holdings to 9,720 BTC due to the bear market. In January 2025, the company slightly increased its holdings to 11,509 BTC, which has remained unchanged since then.