In the first quarter of 2026, Tesla (TSLA), led by Elon Musk, maintained its bitcoin holdings at 11,509 $BTC. The company’s digital asset portfolio remained unchanged during this period.
According to their earnings report for the first quarter, Tesla recorded an after-tax impairment loss amounting to $173 million on its cryptocurrency assets.
The value of these holdings saw a decline as bitcoin prices dropped from approximately $90,000 at the beginning of the year to around $68,000 by March’s end.
While Tesla exceeded expectations in terms of earnings, it fell short on revenue. The company reported a revenue figure of $22.39 billion for Q1, which was slightly below analysts’ predictions of $22.71 billion. Earnings per share were reported at $0.41—surpassing the consensus estimate of $0.37.
Following these announcements, TSLA shares experienced a rise of 4% in after-hours trading.
The Evolution of Tesla’s Bitcoin Holdings
Tesla made its initial investment in bitcoin back in February 2021 when it purchased 43,200 $BTC for about $1.5 billion. Approximately one month later, they sold around 4,320 $BTC, representing roughly 10% of their total position to assess market liquidity.
By July 2022 and amid a bearish market trend, Tesla had reduced its holdings down to 9,720 $BTC. A slight increase occurred in January 2025 that brought their total back up to the current level of 11,509 $BTC, where it has remained stable since then.