Tesla's Bitcoin Holdings Remain Steady, Records $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 bitcoin valued at $76,882.32. Despite this, the company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. The decline in the value of its bitcoin stash was attributed to the drop in bitcoin's price from $90,000 at the start of the year to around $68,000 by the end of March. Tesla reported earnings that exceeded expectations but fell short of revenue forecasts, with $22.39 billion in revenue and $0.41 earnings per share. The company's stock price rose 4% in after-hours trading. Tesla first ventured into bitcoin in February 2021 with the purchase of 43,200 BTC for $1.5 billion and has since adjusted its holdings, reaching the current 11,509 BTC after a series of transactions.