Tesla's Bitcoin Holdings Remain Unchanged, Despite Digital Asset Loss of $173 Million

In the first quarter of 2026, Tesla, owned by Elon Musk, reported no change in its bitcoin holdings, which remained at 11,509 BTC, with each unit valued at $77,696.84. The company reported an after-tax impairment loss of $173 million on its digital assets, as disclosed in its first-quarter earnings report. This decline in value is attributed to the decrease in bitcoin's price from around $90,000 at the start of the year to approximately $68,000 by the end of March. Tesla exceeded earnings expectations but fell short of revenue projections, with $22.39 billion in revenue for the first quarter, slightly below the estimated $22.71 billion. The earnings per share were $0.41, surpassing the forecast of $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. A look into Tesla's history with bitcoin The company first invested in bitcoin in February 2021, purchasing 43,200 BTC for around $1.5 billion. The following month, it sold approximately 4,320 BTC to test market liquidity. By July 2022, during the bear market, Tesla reduced its holdings to 9,720 BTC. A slight increase in January 2025 brought the total to 11,509 BTC, where it has remained.