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 at 11,509 BTC, with each bitcoin valued at $78,368.22. The company's digital asset holdings resulted in an after-tax impairment loss of $173 million, as stated in its quarterly earnings report. The decline in the value of its bitcoin stash was due to the drop in bitcoin's price from approximately $90,000 at the start of the year to around $68,000 by the end of March. Tesla's earnings surpassed expectations but fell short of revenue projections, with a reported revenue of $22.39 billion, slightly under the estimated $22.71 billion. The company's earnings per share were $0.41, exceeding the forecasted $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. Tesla first ventured into bitcoin in February 2021 with the purchase of 43,200 BTC for about $1.5 billion. The company then sold around 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. Its holdings then increased slightly in January 2025 to 11,509 BTC, where they have remained unchanged.