Elon Musk's Tesla reports unchanged bitcoin holdings, books $173 million digital asset loss

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Elon Musk's Tesla reports unchanged bitcoin holdings, books $173 million digital asset loss The company's bitcoin stash remained at 11,509 BTC, worth about $880 million at bitcoin's current price of around $78,000. What to know: - Tesla made no changes to its bitcoin holdings during the first quarter of 2026, continuing to hold 11,509 BTC. - The company reported an after-tax fair value loss of $173 million on its digital assets as bitcoin fell from around $90,000 to roughly $68,000 over the course of Q1 2026. - TSLA stock jumped 4% higher after beating earnings estimates and missing on revenue expectations. Elon Musk's Tesla's (TSLA) bitcoin The company booked an after-tax impairment loss of $173 million on its digital asset holdings, according to its first quarter earnings report. The value of that stash declined as bitcoin fell from around $90,000 at the start of the year to roughly $68,000 by the end of March. Tesla reported better-than-expected earnings but missed on revenue. For the first quarter, the firm reported revenue of $22.39 billion, slightly below than analyst estimates of $22.71 billion. Earnings per share came in at $0.41, higher than consensus forecast of $0.37. TSLA stock was trading 4% higher in after-hours trading. Tesla’s bitcoin journey Tesla initially bought bitcoin in February 2021, acquiring 43,200 BTC for roughly $1.5 billion. About a month later, the company sold around 4,320 BTC, roughly 10% of its position, to test market liquidity. By July 2022, amid the bear market, Tesla had cut its position to 9,720 BTC. A small increase in January 2025 brought holdings to 11,509 BTC, where they have remained since. More For You Bitcoin is seeing a short squeeze dynamic and steady U.S. demand to support gains. What to know: - Bitcoin is trading higher one week after the STRC ex dividend date for the first time in six months, breaking a pattern of post payout weakness. - Bitcoin’s move higher is being driven by negative funding rates, triggering short covering, alongside a persistent Coinbase premium that signals continued spot demand from...

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