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

The first quarter of 2026 saw no change in Tesla's bitcoin holdings, with the company retaining its stash of 11,509 BTC. An after-tax impairment loss of $173 million was recorded on the company's digital assets, as per its quarterly earnings report. The value of the bitcoin stash decreased due to a decline 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 surpassed expectations, but revenue fell short, with $22.39 billion reported, slightly below analyst estimates of $22.71 billion. Earnings per share were $0.41, exceeding 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 company then sold around 10% of its position, approximately 4,320 BTC, to test market liquidity. By July 2022, Tesla had reduced its holdings to 9,720 BTC due to the bear market. A minor increase in January 2025 brought the holdings to 11,509 BTC, where they have remained.