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

In the first quarter of 2026, Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $76,189.62. The company reported an after-tax impairment loss of $173 million on its digital assets in its quarterly earnings report. The decline in bitcoin's value, from roughly $90,000 at the beginning of the year to approximately $68,000 by the end of March, contributed to this loss. Although Tesla exceeded earnings expectations, it fell short of revenue forecasts, reporting $22.39 billion in revenue, slightly below the estimated $22.71 billion. The company's earnings per share were $0.41, surpassing the predicted $0.37. Following the report, Tesla's stock price rose by 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for about $1.5 billion. It then sold around 10% of its holdings to test market liquidity. By July 2022, Tesla had reduced its bitcoin position to 9,720 BTC due to the bear market. In January 2025, the company slightly increased its holdings to 11,509 BTC, where they have remained.