Elon Musk’s Tesla’s (TSLA) bitcoin holdings have been unchanged within the first quarter of 2026, with the corporate persevering with to carry its 11,509 BTC stockpile.
The corporate booked an after-tax impairment lack of $173 million on its digital asset holdings, in accordance with its first quarter earnings report.
The worth of that stash declined as bitcoin fell from round $90,000 at the beginning of the yr to roughly $68,000 by the tip of March.
Tesla reported better-than-expected earnings however missed on income. For the primary quarter, the agency reported income of $22.39 billion, barely beneath than analyst estimates of $22.71 billion. Earnings per share got here in at $0.41, greater than consensus forecast of $0.37.
TSLA inventory was buying and selling 4% greater in after-hours buying and selling.
Tesla’s bitcoin journey
Tesla initially purchased bitcoin in February 2021, buying 43,200 BTC for roughly $1.5 billion. A couple of month later, the corporate offered round 4,320 BTC, roughly 10% of its place, to check market liquidity.
By July 2022, amid the bear market, Tesla had lower its place to 9,720 BTC. A small improve in January 2025 introduced holdings to 11,509 BTC, the place they’ve remained since.