In the first quarter, Block acquired an additional 114 bitcoin, valued at approximately $76,393.96, increasing its corporate reserves to nearly 9,000 BTC, which is equivalent to around $691 million, as indicated by a publicly accessible proof-of-reserves dashboard. At the end of the previous year, the company held 8,883 BTC. When including the 19,357 BTC managed on behalf of its clients, the company, co-founded by Jack Dorsey, former CEO of Twitter, is now responsible for a total of 28,354 BTC, valued at approximately $2.2 billion at current market prices.
As the owner of Square and Cash App, the company has clarified that the dashboard provides a snapshot of its reserves at a particular point in time and is not a comprehensive audit of solvency. However, it intends to issue regular reports audited by third-party firms. The snapshot, which reflects the company's balances as of March 2026, is supported by third-party audit checks and cryptographic signatures, allowing users to verify the information independently.
To ensure transparency, the company has published its wallet addresses and signed messages on the blockchain, enabling anyone to verify ownership without needing access to private keys.