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

In the first quarter of 2026, Elon Musk's Tesla maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $77,734.26. However, the company incurred an after-tax impairment loss of $173 million on its digital assets. The decline in bitcoin's value, from around $90,000 at the start of the year to roughly $68,000 by the end of March, contributed to this loss. Tesla's earnings report showed revenue of $22.39 billion, slightly below analyst estimates, but earnings per share exceeded expectations at $0.41. The company's stock price rose 4% in after-hours trading. Tesla's bitcoin investment began in February 2021 with the purchase of 43,200 BTC for approximately $1.5 billion. After testing market liquidity by selling 10% of its holdings, the company reduced its position to 9,720 BTC by July 2022. In January 2025, Tesla increased its holdings to 11,509 BTC, where they have remained unchanged.