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

Tesla, led by Elon Musk, has reported no change in its bitcoin holdings, which stood at 11,509 BTC as of the first quarter of 2026. The company has sustained an after-tax impairment loss of $173 million on its digital assets, according to 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, contributed to this loss. Tesla's earnings exceeded expectations, although revenue fell short, with $22.39 billion reported, slightly below the estimated $22.71 billion. Earnings per share were $0.41, surpassing the forecast of $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. Tesla first ventured into bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. After selling a portion of its holdings, the company's bitcoin reserve fluctuated, eventually reaching 11,509 BTC in January 2025, where it remains.