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

Tesla, led by Elon Musk, reported no changes in its bitcoin holdings, which remained at 11,509 BTC, during the first quarter of 2026. The company recorded 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 drop in bitcoin's price from around $90,000 at the beginning of the year to approximately $68,000 by the end of March. Despite missing revenue expectations with $22.39 billion, Tesla reported better-than-expected earnings of $0.41 per share, surpassing the consensus forecast of $0.37. The company's stock price rose by 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, with the current stash of 11,509 BTC remaining unchanged since a small increase in January 2025.