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

Tesla, led by Elon Musk, reported no change in its bitcoin holdings in the first quarter of 2026, maintaining its existing stock of 11,509 BTC. The company incurred an after-tax loss of $173 million on its digital assets, as stated in its quarterly earnings report. The decline in value was largely due to the drop in bitcoin's price from around $90,000 at the start of the year to approximately $68,000 by the end of March. Although Tesla's earnings exceeded expectations, its revenue fell short, with $22.39 billion reported, slightly below 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 saw a 4% increase 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 10% of its holdings, 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. In January 2025, the company increased its holdings to 11,509 BTC, where they have remained steady.