Tesla reported no changes to its Bitcoin holdings in the first quarter of 2026, retaining 11,509 BTC valued at approximately $880 million at current market prices near $78,000.
The company, led by Elon Musk, recorded a $173 million after-tax impairment charge on its digital asset portfolio, according to its quarterly earnings statement.
Tesla’s results came in mixed, with earnings surpassing expectations while revenue lagged forecasts. The automaker posted revenue of $22.39 billion, below analyst estimates of $22.71 billion. Earnings per share stood at $0.41, ahead of the $0.37 consensus.
Shares of TSLA gained roughly 4% in after-hours trading following the release.
Tesla’s involvement in Bitcoin dates back to February 2021, when it acquired 43,200 BTC for around $1.5 billion. The company subsequently sold about 10% of its holdings—approximately 4,320 BTC—to assess market liquidity.
During the 2022 crypto market downturn, Tesla reduced its position to 9,720 BTC. It later increased its holdings in January 2025 to 11,509 BTC, where they have remained since.
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