Tesla kept its Bitcoin portfolio constant in the first quarter of 2026 and did not make any purchases or sales transactions with 11,509 BTC in its possession. Tesla, especially known for its electric vehicle production, has been among the important corporate actors of the cryptocurrency ecosystem with its investments in Bitcoin since 2021.
Digital asset loss in the first quarter balance sheet
The company’s financial report for the first quarter of 2026 shed light on the decline in its digital asset portfolio. Tesla recorded an after-tax loss of $173 million on its balance sheet due to the decline in the value of the crypto asset. This result stands out as the direct effect of Bitcoin’s decline from approximately 90 thousand dollars at the beginning of the year to 68 thousand dollars at the end of March.
Tesla, which continues its activities under the leadership of Elon Musk, has been following a cautious policy in crypto investments lately. Financial statements once again showed that the falling Bitcoin price led to significant losses on the balance sheet.
The company’s quarterly report stated, “A compensation loss of approximately 173 million USD was recorded in our digital asset portfolio.”
Revenue was below forecast, profit exceeded expectations
While Tesla announced a total revenue of $22.39 billion in the first quarter, this figure was slightly below the market expectation of $22.71 billion. However, adjusted earnings per share reached $0.41, beating the average expectation of $0.37. The company’s first quarter results were closely watched in financial circles in terms of both revenue and profitability.
Following these developments, Tesla shares gained approximately 4 percent in after-hours trading. While investors welcomed the positive surprise on the profit side, the fact that revenue fell short of expectations raised questions.
Bitcoin investment: From past to present
Tesla’s Bitcoin journey began in February 2021 with a large-scale purchase of 43,200 BTC. The company added these assets to its portfolio for approximately $1.5 billion. In the following period, he tested market liquidity by selling approximately 4,320 BTC in March 2021.
With the market decline in 2022, Tesla reduced its Bitcoin position to 9,720 BTC. However, with limited purchases in early 2025, the company’s BTC balance increased again to 11,509 units and has remained at this level since then.
Tesla attracts attention not only in the electric car industry but also with its corporate interest in cryptocurrencies. The company’s Bitcoin portfolio has remained unchanged for some time, and its impact on the balance sheet is closely monitored during volatile market conditions.
