Overview
- In its first‑quarter filing, Tesla said it held 11,509 BTC and booked an after‑tax impairment of $173 million on its digital assets.
- Bitcoin dropped about 22% during Q1, which pulled the value of Tesla’s stash to roughly $786 million at the March 31 close.
- By late April, bitcoin traded near $78,000, lifting the market value of Tesla’s holdings to about $880 million to $900 million.
- The company reported about $22.39 billion in Q1 revenue and earnings of $0.41 per share, with revenue a touch below estimates and profit above forecasts.
- Some coverage cites a $222 million paper loss, reflecting different accounting measures, and Arkham Intelligence reports Tesla’s crypto holdings consist only of bitcoin.