In the first quarter, Block acquired 114 additional bitcoin, valued at $76,309.05, increasing its corporate reserves to nearly 9,000 BTC, which is approximately $691 million, as indicated on a publicly accessible proof-of-reserves dashboard. The company's bitcoin holdings stood at 8,883 at the end of the previous year.
When including the 19,357 BTC managed on behalf of its customers, the firm, co-founded by Jack Dorsey, former CEO of Twitter, is responsible for a total of 28,354 BTC, amounting to around $2.2 billion at current market prices. As the owner 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 stability, although it intends to issue regular reports from third-party auditors. The snapshot, which reflects the company's balances as of March 2026, is supported by third-party audit checks and cryptographic signatures, enabling users to verify the information independently.
To facilitate verification, Block has published its wallet addresses and signed messages on the blockchain, allowing anyone to confirm ownership without requiring access to private keys.