Tesla's Bitcoin Holdings Remain Steady, Incurs $173 Million Loss on Digital Assets

Tesla, led by Elon Musk, reported no change in its bitcoin holdings during the first quarter of 2026, maintaining its stash of 11,509 BTC. The company recorded an after-tax impairment loss of $173 million on its digital assets, as per its Q1 earnings report. The decline in the value of its bitcoin holdings was attributed to the drop in bitcoin's price from around $90,000 at the start of the year to roughly $68,000 by the end of March. Tesla posted better-than-expected earnings but fell short of revenue projections, with $22.39 billion in revenue and $0.41 earnings per share. The company's stock rose 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion, and has since adjusted its holdings, with the current 11,509 BTC remaining unchanged since a small increase in January 2025.