Tesla maintained its Bitcoin position unchanged in the first quarter of 2026, holding 11,509 BTC valued at approximately $880 million based on current prices near $78,000.
The company, led by Elon Musk, reported an after-tax impairment loss of $173 million tied to its digital asset holdings, according to its latest quarterly earnings release.
Despite the crypto-related loss, Tesla posted stronger-than-expected profitability but fell short on revenue. The automaker reported first-quarter revenue of $22.39 billion, missing analyst expectations of $22.71 billion. Earnings per share came in at $0.41, exceeding the consensus estimate of $0.37.
Shares of TSLA rose roughly 4% in after-hours trading following the report.
Tesla’s Bitcoin strategy has evolved significantly since its initial entry into the market. The company first purchased 43,200 BTC for about $1.5 billion in February 2021. It later sold approximately 10% of its holdings—around 4,320 BTC—to test market liquidity.
During the 2022 bear market, Tesla reduced its position to 9,720 BTC. A modest increase in January 2025 brought its total holdings to 11,509 BTC, where they have remained ever since.
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