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

Tesla, led by Elon Musk, has reported no change in its bitcoin holdings, which remain at 11,509 BTC, valued at around $77,328.05 per coin. The company has taken an after-tax impairment loss of $173 million on its digital assets, according to its Q1 2026 earnings report. The decline in bitcoin's value, from $90,000 at the start of the year to $68,000 by the end of March, contributed to the loss. Despite this, Tesla reported better-than-expected earnings, with revenue of $22.39 billion and earnings per share of $0.41, although it missed revenue estimates. The company's stock price rose 4% in after-hours trading. Tesla first purchased bitcoin in February 2021, with an initial investment of $1.5 billion for 43,200 BTC. After testing market liquidity by selling 10% of its holdings, the company reduced its position to 9,720 BTC by July 2022. Its bitcoin holdings have remained at 11,509 BTC since a small increase in January 2025.