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

Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, worth $75,475.23, during the first quarter of 2026, as reported in its quarterly earnings statement. The company recorded a post-tax impairment loss of $173 million on its digital asset holdings. The valuation of its bitcoin stash decreased as the cryptocurrency's price dropped from around $90,000 at the start of the year to roughly $68,000 by the end of March. Tesla exceeded earnings expectations but fell short of revenue projections, with $22.39 billion in revenue and $0.41 earnings per share. 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 approximately $1.5 billion, and has since adjusted its holdings, with the current 11,509 BTC stash remaining unchanged since January 2025.