In the first quarter, Block acquired 114 additional bitcoins, now valued at $78,650.40, 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 its clients, the company, co-founded by Jack Dorsey, former CEO of Twitter, has a total responsibility of 28,354 BTC, worth roughly $2.2 billion at current market prices. The owner of Square and Cash App noted that the dashboard provides a snapshot at a specific point in time and does not serve as a comprehensive audit of solvency.
However, the company intends to issue regular reports from third-party providers. 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 confirm ownership, the company has published wallet addresses and signed messages on the blockchain, enabling anyone to verify without needing access to private keys.