Tesla Maintains Bitcoin Holdings, Reports $112 Million Loss

Tesla maintains its bitcoin holdings at 11,509 BTC while facing a $112 million impairment loss in Q2 2026.

Tesla has reported an impairment loss of $112 million on its bitcoin holdings, maintaining a stable treasury of 11,509 BTC as of the second quarter of 2026. Despite the cryptocurrency's value dropping by 14% during this period, the company has not engaged in any bitcoin transactions since 2022.

Bitcoin's price began the quarter at approximately $83,000 but fell to about $58,000 by the end of June, before partially recovering to around $65,840. This price fluctuation reflects broader market uncertainties and risk asset volatility.

In its earnings report, Tesla noted mixed financial results: while revenue reached $28.2 billion, surpassing estimates of $27.6 billion, its adjusted earnings per share (EPS) of $0.33 fell short of the expected $0.55. The gross margin was recorded at 16.8%, with a GAAP net income of $1.11 billion, although the company also reported a negative free cash flow of $1.1 billion for the quarter.

Under current accounting standards, companies must account for any declines in the value of digital assets, which contributed to Tesla's reported impairment loss. The company's bitcoin holdings have remained unchanged for almost four years since an initial investment of $1.5 billion in early 2021, during which it briefly accepted bitcoin as payment before halting this practice due to environmental concerns. After selling about 75% of its bitcoin holdings in 2022, Tesla has retained its current amount since then.