In the first quarter, Block acquired an additional 114 bitcoins, valued at $77,236.71, 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 the previous year, the company held 8,883 BTC. When including the 19,357 BTC managed on behalf of clients, the payments firm, co-founded by Jack Dorsey, former CEO of Twitter, is 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 while the dashboard provides a snapshot of its holdings at a specific point in time, rather than a comprehensive audit of its financial health, it intends to issue regular reports from third-party auditors. The 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.