In the first quarter, Block acquired 114 additional bitcoins, now valued at approximately $78,012.40, bringing its total corporate reserves to nearly 9,000 BTC, equivalent to around $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 customers, the firm, co-founded by Jack Dorsey, former CEO of Twitter, is responsible for a total of 28,354 BTC, valued at approximately $2.2 billion at current market prices.
The owner of Square and Cash App notes that while the dashboard provides a snapshot of its reserves at a particular point in time, rather than a comprehensive audit of solvency, 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.