During the first quarter, Block acquired an additional 114 bitcoin, valued at $78,209.47, bringing its total corporate bitcoin holdings to nearly 9,000, equivalent to approximately $691 million, as per the company's publicly accessible proof-of-reserves dashboard. This marks a significant increase from the 8,883 BTC held at the end of the previous year.
When including the 19,357 BTC managed on behalf of its clients, the firm, co-founded by Jack Dorsey, has a total of 28,354 BTC under its care, valued at around $2.2 billion at current market prices. Although the provided snapshot is not a comprehensive audit of the company's solvency, it is supported by third-party audit checks and cryptographic signatures, allowing users to independently verify the information. Furthermore, the company intends to publish regular third-party reports for enhanced transparency.