Tesla Inc. (NASDAQ:TSLA) held onto its Bitcoin (CRYPTO: BTC) through the first quarter, but reported significant paper losses on the holdings on Wednesday.
Tesla’s BTC Hoard Suffers In Bear Market
The Elon Musk-led mobility giant reported $786 million in digital assets as of March 31, down 22% from the fourth quarter of 2025.
Tesla reported paper losses of $222 million on its cryptocurrency holdings, marking back-to-back quarters of red ink.
Tesla does not publish a breakdown of its cryptocurrency holdings. However, on-chain analytics firm Arkham Intelligence reports that its stockpile consists solely of Bitcoin. Its stash of 11,509 BTC remained unchanged from the last quarter.
In fact, Bitcoin closed the first quarter down 22.2%, consistent with the decline in the value of Tesla’s digital assets.
Tesla's Bitcoin journey began in January 2021, when it first acquired $1.5 billion worth of the leading cryptocurrency.
Tesla previously accepted Bitcoin as a payment option for vehicles before ending the practice due to concerns about the energy consumption used in Bitcoin mining.
Revenue Miss, EPS Beat
Tesla reported a first-quarter revenue of $22.71 billion, narrowly missing the Street consensus estimate. Its adjusted earnings per share of 41 cents, however, beat analyst estimates of 37 cents per share.
Automotive revenue of $16.23 billion was up 16% year-over-year, while the full-self driving subscriptions jumped 51%.
Zcash (CRYPTO: ZEC) jumped 22% in the last 24 hours, and over 40% in a week.
Price Action: At the time of writing, BTC was exchanging hands at $77,698.40, up 0.14% in the last 24 hours, according to data from Benzinga Pro.
Tesla shares fell 0.31% in after-hours trading after closing 0.28% higher at $387.51 during Wednesday's regular trading session.
TSLA’s price underperformed in short- and medium-term horizons, but delivered strong long-term results, backed by a moderately high Quality score, according to Benzinga’s Edge Stock Rankings.
Photo Courtesy: Rokas Tenys on Shutterstock.com
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