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

In the first quarter of 2026, Tesla, owned by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $77,065.32. The company reported an after-tax impairment loss of $173 million on its digital assets, according to its quarterly earnings report. The decline in value was a result of bitcoin's price drop from around $90,000 at the start of the year to approximately $68,000 by the end of March. Tesla reported earnings that exceeded expectations, but fell short of revenue projections, with $22.39 billion in revenue, slightly below the estimated $22.71 billion. The company's earnings per share were $0.41, surpassing the 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 roughly $1.5 billion. The company later sold around 10% of its holdings to test market liquidity. By July 2022, Tesla had reduced its bitcoin holdings to 9,720 BTC due to the bear market. In January 2025, the company increased its holdings to 11,509 BTC, which has remained unchanged since then.