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

Tesla, owned by Elon Musk, maintained its bitcoin holdings at 11,509 BTC in the first quarter of 2026, with no changes to its digital asset portfolio. The company recorded an after-tax impairment loss of $173 million related to its digital assets, according to its Q1 earnings report. The decline in bitcoin's value, from around $90,000 at the start of the year to roughly $68,000 by the end of March, contributed to the loss. Tesla exceeded earnings expectations but fell short on revenue, reporting $22.39 billion in revenue and $0.41 earnings per share. The company's stock rose 4% in after-hours trading. Tesla initially invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. After selling a portion of its holdings, the company's bitcoin reserve fluctuated, eventually reaching 11,509 BTC in January 2025, where it remains unchanged.