Tesla Says It Did Not Sell Bitcoin in 2026 First Quarter
Tesla kept its 11,509 BTC position unchanged in Q1 2026, but the company reported an after-tax fair-value loss of about $173 million as Bitcoin’s price declined during the quarter.
BTC
Fact Check
The strongest available source, CoinDesk's article "Elon Musk's Tesla reports unchanged bitcoin holdings, books $173 million digital asset loss," explicitly says Tesla kept its holdings unchanged at 11,509 BTC in Q1 2026 and recorded a $173 million after-tax fair-value loss on digital assets, citing Tesla's first-quarter earnings report. Odaily's "特斯拉一季度未增持比特币，计提 1.73 亿美元资产损失" independently repeats the same numbers and links back to CoinDesk. The X source "x post 2047052038974984574" also corroborates the unchanged 11,509 BTC position. Because the underlying Tesla investor-relations filing was referenced but not directly fetched in this run, the claim is best assessed as likely true rather than confirmed with high confidence.
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Summary
Tesla said it did not sell any Bitcoin in the first quarter of 2026 and continues to hold 11,509 BTC, worth about $880 million at current prices. The company recorded an after-tax fair-value loss of about $173 million as Bitcoin fell from around $90,000 to $68,000 during the quarter. Despite slightly light revenue, Tesla shares rose about 4% after hours after earnings beat expectations.
Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
- Bitcoin: A decentralized digital currency that can be held directly or on corporate balance sheets as an investment or reserve asset.
- fair-value loss: An accounting loss recorded when the market value of an asset declines relative to its prior valuation during a reporting period.