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

In the first quarter of 2026, Tesla, owned by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each coin valued at $75,808.64. Although the company's bitcoin stash remained unchanged, it incurred an after-tax impairment loss of $173 million on its digital assets, as reported in its quarterly earnings statement. The decline in value can be attributed to the drop in bitcoin's price from around $90,000 at the beginning of the year to roughly $68,000 by the end of March. Tesla's earnings exceeded expectations, but its revenue fell short, with $22.39 billion reported, slightly below the estimated $22.71 billion. The company's earnings per share were $0.41, surpassing the forecast of $0.37. Following the announcement, Tesla's stock price rose by 4% in after-hours trading. The company first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. It then sold around 10% of its holdings to test market liquidity. By July 2022, Tesla had reduced its bitcoin holdings to 9,720 BTC due to the bear market. In January 2025, the company slightly increased its holdings to 11,509 BTC, where they have remained steady.