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

In the first quarter of 2026, Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each coin valued at $76,774.68. The company's bitcoin stash remained unchanged, despite booking a post-tax impairment loss of $173 million on its digital assets, as disclosed in its Q1 earnings report. The decline in bitcoin's value, from roughly $90,000 at the start of the year to approximately $68,000 by the end of March, contributed to the loss. Tesla's earnings exceeded expectations, although revenue fell slightly short, with $22.39 billion reported, compared to analyst estimates of $22.71 billion. Earnings per share were $0.41, surpassing the consensus forecast of $0.37. Following the report, TSLA stock rose 4% in after-hours trading. Tesla's involvement with bitcoin began in February 2021, when it purchased 43,200 BTC for around $1.5 billion. The company later sold a portion of its holdings and has since adjusted its position, reaching the current 11,509 BTC in January 2025.