Tesla Keeps Bitcoin Holdings Steady, Books $112 Million Impairment

Tesla has ranked among the most prominent publicly traded companies holding bitcoin since it first added the cryptocurrency to its balance sheet in 2021. Its position is closely watched as a gauge of corporate adoption, while swings in digital-asset prices and their accounting treatment can introduce substantial volatility into reported earnings even when no tokens are sold.

Tesla’s latest financial report showed that it held 11,509 bitcoin at the end of the reporting period, leaving the position broadly unchanged for nearly four years. The electric-vehicle maker recognized a $112 million impairment loss tied to the holding under applicable digital-asset accounting rules, highlighting the potential earnings impact of cryptocurrency exposure despite the absence of a material change in the number of coins owned.