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

Tesla, led by Elon Musk, has reported no change in its bitcoin holdings, which remain at 11,509 BTC, in the first quarter of 2026. The company has maintained this level of bitcoin reserves. An after-tax impairment loss of $173 million was recorded on the company's digital assets, as per its Q1 earnings report. The decline in the value of the bitcoin stash was largely due to the drop in bitcoin's price from around $90,000 at the beginning of the year to approximately $68,000 by the end of March. Although Tesla reported earnings that surpassed expectations, its revenue fell short. The company posted $22.39 billion in revenue for Q1, slightly below the estimated $22.71 billion. Earnings per share were $0.41, exceeding the forecast of $0.37. Following the earnings report, TSLA stock saw a 4% increase in after-hours trading. The history of Tesla's bitcoin investment Tesla first invested in bitcoin in February 2021, with an initial purchase of 43,200 BTC for approximately $1.5 billion. The following month, the company sold around 10% of its bitcoin holdings, or 4,320 BTC, to test market liquidity. By July 2022, during the bear market, Tesla reduced its bitcoin position to 9,720 BTC. An increase in January 2025 brought the total to 11,509 BTC, where it has remained.