Elon Musk’s Tesla Bitcoin (TSLA) holdings remained unchanged in Q1 2026, with the company continuing to hold its stock of 11,509 BTC.
The company recorded an after-tax impairment loss of $173 million on its digital assets, according to its first-quarter earnings report.
The value of this reserve declined as bitcoin fell from around $90,000 at the start of the year to around $68,000 at the end of March.
Tesla reported better-than-expected earnings, but missed on revenue. For the first quarter, the company reported revenue of $22.39 billion, slightly below analyst estimates of $22.71 billion. Earnings per share came in at $0.41, above the consensus forecast of $0.37.
TSLA stock was trading up 4% after hours.
Tesla’s Bitcoin journey
Tesla initially purchased Bitcoin in February 2021, acquiring 43,200 BTC for approximately $1.5 billion. About a month later, the company sold around 4,320 BTC, or around 10% of its position, to test market liquidity.
By July 2022, in the midst of the bear market, Tesla had reduced its position to 9,720 BTC. A slight increase in January 2025 brought the holdings to 11,509 BTC, where they have remained since.
