Tesla records $173M impairment charge on BTC holdings

Tesla recorded a post-tax impairment charge of $173 million on its Bitcoin holdings for the first quarter of 2026 due to the cryptocurrency's price decline, CoinDesk reported. The charge is a valuation loss on held assets under accounting rules and does not represent a realized loss from selling Bitcoin. The company did not buy or sell any BTC during the quarter and currently holds 11,509 BTC.