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

In the first quarter of 2026, Tesla, led by Elon Musk, reported no change in its bitcoin holdings, maintaining a stockpile of 11,509 BTC, with each bitcoin valued at $77,963.52. The company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. This loss was largely attributed to the decline in bitcoin's value, which dropped from around $90,000 at the start of the year to approximately $68,000 by the end of March. Meanwhile, Tesla's earnings exceeded expectations, although revenue fell short, with $22.39 billion reported, slightly below the estimated $22.71 billion. 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. Tesla's involvement with bitcoin began in February 2021, with an initial purchase of 43,200 BTC for about $1.5 billion. The company later sold a portion of its holdings and has since adjusted its position, reaching 11,509 BTC by January 2025, where it remains unchanged.