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

CoinDesk
Tesla maintained its 11,509 BTC holdings in Q1 2026 but recorded a $173 million impairment loss due to falling bitcoin prices.

Summary

In its Q1 2026 earnings report, Tesla confirmed that its bitcoin holdings remained steady at 11,509 BTC. Despite the unchanged volume, the company booked a $173 million after-tax impairment loss resulting from a decline in bitcoin's market value during the quarter. While Tesla missed revenue expectations, it reported earnings per share of $0.41, surpassing analyst forecasts.

(Source:CoinDesk)