Elon Musk’s Tesla (TSLA) Bitcoin There was no change in open interest in the first quarter of 2026, with the company continuing to hold 11,509 BTC in inventory.
According to its first-quarter earnings report, the company booked a $173 million after-tax impairment loss on its digital asset holdings.
As Bitcoin fell from about $90,000 at the beginning of the year to about $68,000 at the end of March, the value of these collections also declined.
Tesla reported better-than-expected earnings, but revenue missed expectations. The company’s first-quarter revenue was $22.39 billion, slightly below analysts’ expectations of $22.71 billion. Earnings per share were $0.41, beating the consensus estimate of $0.37.
TSLA shares rose 4% in after-hours trading.
Tesla’s Bitcoin Journey
Tesla initially purchased Bitcoin in February 2021, acquiring 43,200 Bitcoins for approximately $1.5 billion. About a month later, the company sold approximately 4,320 Bitcoin, approximately 10% of its position, to test market liquidity.
By July 2022, in the bear market, Tesla had reduced its holdings to 9,720 BTC. In January 2025, Bitcoin holdings increased slightly to 11,509 coins and have remained at this level since then.
