In the first quarter, Block (XYZ) acquired an additional 114 bitcoins, valued at $76,109.54, increasing its corporate reserves to nearly 9,000 BTC, which is approximately $691 million, as indicated on a publicly accessible proof-of-reserves dashboard. As of the end of last year, the company held 8,883 BTC. When including the 19,357 BTC managed on behalf of its customers, the payments firm, co-founded by former Twitter CEO Jack Dorsey, is now responsible for a total of 28,354 BTC, worth around $2.2 billion at current market prices. The owner of Square and Cash App notes that this snapshot provides a momentary view and is not a comprehensive audit of solvency, although it intends to issue regular reports from third-party auditors.
This snapshot, which reflects 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 confirm ownership without needing access to private keys.