Tesla's Bitcoin Holdings Remain Steady, Reports $173 Million Loss on Digital Assets

Tesla, led by Elon Musk, reported no change in its bitcoin holdings in the first quarter of 2026, retaining its 11,509 BTC stash. The company recorded a post-tax impairment loss of $173 million on its digital assets, as per its Q1 earnings report. 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, led to the decrease in the stash's value. Despite reporting better-than-expected earnings, Tesla missed its revenue target, with $22.39 billion in revenue, slightly below analyst estimates of $22.71 billion. Earnings per share were $0.41, exceeding the consensus forecast of $0.37. Tesla's stock rose 4% in after-hours trading. The company first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. After selling a portion of its holdings, Tesla's bitcoin reserve decreased to 9,720 BTC by July 2022. It then increased to 11,509 BTC in January 2025, where it has remained steady.