In the first quarter, Block acquired an additional 114 bitcoins, valued at $76,965.08, increasing its corporate reserves to nearly 9,000 BTC, equivalent to approximately $691 million, as indicated on a publicly accessible proof-of-reserves dashboard. This marks a significant increase from the 8,883 BTC it held at the end of the previous year.
When including the 19,357 BTC managed on behalf of its customers, the company, co-founded by Jack Dorsey, former CEO of Twitter, has a total of 28,354 BTC under its care, valued at around $2.2 billion at current market prices. As the parent company of Square and Cash App, Block has introduced a dashboard that provides a snapshot of its holdings at a specific point in time, rather than a comprehensive audit of its financial health. However, the company intends to release regular reports from third-party auditors. The snapshot, which reflects the 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, Block has published its wallet addresses and signed messages on the blockchain, enabling anyone to confirm ownership without needing access to private keys.