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, which remained at 11,509 BTC, with a value of around $77,022.44 per bitcoin, during the first quarter of 2026. The company recorded an after-tax impairment loss of $173 million on its digital assets, according to 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. Tesla's earnings surpassed expectations, although revenue was slightly lower than anticipated, at $22.39 billion compared to estimates of $22.71 billion. Earnings per share were $0.41, exceeding the forecast of $0.37. Following the report, TSLA stock rose 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for about $1.5 billion, and has since adjusted its holdings, selling 10% of its position in March 2021 and reducing it further to 9,720 BTC by July 2022. In January 2025, the company slightly increased its holdings to 11,509 BTC, where they remain.