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

In the first quarter of 2026, Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, valued at $78,037.57. The company's bitcoin stash remained unchanged, but it recorded a post-tax impairment loss of $173 million on its digital assets, according to its quarterly earnings report. The decline in the value of its bitcoin holdings resulted from the cryptocurrency's price drop from around $90,000 at the start of the year to approximately $68,000 by the end of March. Although Tesla reported earnings that exceeded 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, surpassing the consensus forecast of $0.37. Following the report, TSLA stock rose 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for about $1.5 billion. The following month, it sold 10% of its holdings to test market liquidity. By July 2022, Tesla had reduced its bitcoin position to 9,720 BTC due to the bear market. In January 2025, the company slightly increased its holdings to 11,509 BTC, where they have since remained.