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.

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