Tesla's Bitcoin Holdings Remain Steady, but Digital Asset Losses Reach $173 Million

Tesla, led by Elon Musk, reported no changes in its bitcoin holdings during the first quarter of 2026, maintaining its existing stockpile of 11,509 BTC, with each unit valued at $76,437.16. 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 decrease in bitcoin's price from around $90,000 at the beginning of the year to roughly $68,000 by the end of March. Although Tesla's earnings exceeded expectations, its revenue of $22.39 billion fell 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 earnings report, Tesla's stock price increased by 4% in after-hours trading. Tesla's involvement with bitcoin began in February 2021, when it purchased 43,200 BTC for approximately $1.5 billion. The company later sold about 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, which has remained unchanged since then.