Tesla Keeps Bitcoin Despite $112 Million Loss

Tesla reported a $112 million after tax impairment loss on its Bitcoin holdings in the most recent quarter. Even with this hit to the books, the company did not sell a single coin. Tesla maintains a position of 11,509 BTC, keeping its corporate treasury unchanged since 2022. This decision stands out because it happened while the price of Bitcoin dropped 14 percent during the same quarter.

While Tesla missed earnings expectations, its choice to hold firm acts as a strong signal to the market. By choosing not to sell into weakness, the company removes the immediate threat of a major corporate dump. This steady approach from one of the largest public holders provides a sense of stability as Bitcoin continues to consolidate.

Bitcoin is currently trading near $66,500, moving within a range that suggests investors are in accumulation mode. Analysts are watching the $60,000 level as a key support zone. If trading volume increases and price momentum returns, the next major targets sit between $73,000 and $75,000.

For now, the market remains in a sideways pattern as traders wait for a clear direction. A daily close below $60,000 could lead to a test of lower support near $55,000. Investors should monitor whether institutional confidence holds steady or if broader economic news forces a breakout from the current range.