Elon Musk’s electric car maker Tesla has reported a $222 million unrealized accounting loss on its Bitcoin (BTC) holdings. The data is published in the company’s first quarter 2026 financial report filed with U.S. regulators.
In accounting terms, a company’s Bitcoin value $786 million, down from $1.008 billion at the end of the previous quarter According to a report published on Tesla’s website yesterday, April 22nd.
It is important to clarify that these losses are called “unrealized” because they only exist on the paper balance sheet. By not selling assets, Tesla does not actually incur a loss, but instead reflects a decrease in the market value of its reserves.
This setting is This was due to the bearish movement of Bitcoin from January to March 2026.. During this period, the price of the digital currency fell by 26%. Bitcoin started the year at $88,700 and reached a low of $64,925 on March 29th.
Despite this accounting impact, Tesla’s performance continues to be strong. The company reported total revenue of $22.387 billion. The quarter saw 16% year-over-year growth.
Regarding its strategy regarding digital assets, Tesla did not disclose its Bitcoin buying and selling activity during this period. The company will keep its reserves of 11,509 BTC intact from 2022.
History of Tesla and Bitcoin It launched in 2021 with an initial investment of $1.5 billion.. He sold most of his holdings to create liquidity in 2022, but decided to still keep a significant portion of it in the Treasury, CriptoNoticias reported. In October 2023, Tesla redistributed 11,509 BTC to a new wallet.
(Tag Translation) Bitcoin (BTC)
