Tesla confirms no Bitcoin sales in Q1 despite market selloff

Tesla disclosed in its Q1 2026 update that it did not sell any of its remaining 11,509 Bitcoin during the quarter, despite Bitcoin plunging roughly 22% in Q1 — its steepest first-quarter drop in eight years — which reduced Tesla’s crypto holdings from about $1.0 billion to $786 million by end-March. By late April Bitcoin had recovered to about $78,000, lifting Tesla’s holdings to near $900 million. The article ties the Q1 crypto weakness to geopolitical tensions, a hawkish Fed and risk-off flows. The disclosure signals that Tesla maintained its strategic crypto position, limiting further corporate selling pressure even as the company reported a stronger operating quarter (Q1 revenue $22.38B, FCF $1.4B).