Tesla Keeps Bitcoin Holdings Unchanged in Q1 2026, Books $173 Million Digital Asset Loss

Tesla has included Bitcoin in its asset allocation since 2021, and changes in its holdings have long been viewed as an important gauge of corporate crypto adoption. Under fair-value accounting, cryptocurrency price movements flow directly into current-period earnings. As a result, Bitcoin can significantly affect Tesla's profit even when the company does not sell any of its holdings.

Tesla said in its first-quarter results for the period ended March 31, 2026, that its holdings remained unchanged at 11,509 Bitcoin, with no purchases or sales during the quarter. The company booked a $173 million fair-value loss on digital assets after Bitcoin prices declined. Quarterly revenue missed market expectations, but profit beat forecasts, and Tesla shares rose 4% after the results were released.