Elon Musk's Tesla reports unchanged bitcoin holdings, books $173 million digital asset loss
CoinDesk·60-word summary·1 min read
Tesla's bitcoin holdings remain unchanged at 11,509 BTC, valued at approximately $880 million as of April 2026. Despite the stable holdings, Tesla reported a $173 million loss on its digital assets. The company's bitcoin assets are valued at current prices around $78,000 per BTC, reflecting no recent buying or selling activity.
The U.S. government operates a Bitcoin node but does not engage in Bitcoin mining, according to a statement from the commander of U.S. forces in the Pacific. The military is exploring Bitcoin's potential to secure and protect networks, highlighting interest in blockchain technology's security features without participating in mining activities. The statement was made in April 2026.
Ripple transferred $108 million worth of XRP to Coinbase, highlighting significant activity in the crypto market. Meanwhile, Shiba Inu (SHIB) experienced its strongest bullish signal in April, and Michael Saylor’s strategy gained $3.6 billion in Bitcoin during the same month. These developments reflect ongoing momentum in major cryptocurrencies as April concludes.
Input Output, the organization behind Cardano, submitted nine treasury proposals totaling $38.9 million on April 17, 2026, nearly half of the $97.5 million requested last year. The proposals include the Leios upgrade, which aims to enhance network scalability and security, and a Bitcoin DeFi tool called Pogun. This reflects a scaled-back funding approach for 2026.
On April 21, Shiba Inu (SHIB) experienced a massive exchange outflow of $505 billion, signaling potential bullish momentum. Bitcoin broke above $76,000 amid easing U.S.-Iran talks. Analysts highlight an 80% rebound setup from support levels for SHIB, while Bonk (BONK) burns tokens and Pepeto establishes a solid floor, indicating active market movements across the crypto space.
A Bitcoin analyst predicts that $60,000 could be the market bottom before a potential surge to $200,000. Based on historical cycle patterns, the analyst suggests Bitcoin's next all-time high may occur if this bottom holds. The analysis highlights a trend of decreasing upside in each cycle, with the current cycle possibly delivering 3-4 times the bottom price.
American Bitcoin (ABTC), linked to Donald Trump, has energized 11,298 new ASIC mining rigs, which were purchased in March. This move follows the company's report of a $59 million loss in Q4 2025. The addition of the new mining hardware aims to boost ABTC's Bitcoin mining capacity amid ongoing financial challenges.