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

In the first quarter of 2026, Tesla, owned by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $76,680.06. The company's bitcoin stash remained unchanged, resulting in an after-tax impairment loss of $173 million on its digital assets, as per its quarterly earnings report. The decline in bitcoin's value, from around $90,000 at the start of the year to approximately $68,000 by the end of March, contributed to the loss. Although Tesla's earnings exceeded expectations, its revenue of $22.39 billion fell slightly short of analyst estimates of $22.71 billion. The company's 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 first invested in bitcoin in February 2021, purchasing 43,200 BTC for about $1.5 billion. The company then sold around 10% of its position, or 4,320 BTC, to test market liquidity. By July 2022, Tesla had reduced its bitcoin holdings to 9,720 BTC due to the bear market. A minor increase in January 2025 brought the total to 11,509 BTC, where it has remained.