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

In the first quarter of 2026, Tesla, owned by Elon Musk, reported no changes in its bitcoin holdings, which remain at 11,509 BTC, currently priced at $78,057.01. The company reported an after-tax loss of $173 million on its digital assets, as stated in its first-quarter earnings report. The decline in the value of its bitcoin holdings was caused by the drop in bitcoin's price from around $90,000 at the start of the year to approximately $68,000 by the end of March. Tesla's earnings exceeded expectations, although revenue was slightly lower than anticipated. The company reported revenue of $22.39 billion for the first quarter, which was below analyst estimates of $22.71 billion. Earnings per share were $0.41, surpassing the consensus forecast of $0.37. Following the release of the report, TSLA stock rose by 4% in after-hours trading. The History of Tesla's Bitcoin Investment Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. The following month, the company sold around 4,320 BTC to test market liquidity. By July 2022, during the bear market, Tesla reduced its bitcoin holdings to 9,720 BTC. In January 2025, the company slightly increased its holdings to 11,509 BTC, where they have remained unchanged.