In the first quarter, Block acquired 114 additional bitcoin, valued at $78,375.27, increasing its corporate reserves to nearly 9,000 BTC, which is approximately $691 million, as indicated by 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 customers, the payment company, co-founded by Jack Dorsey, former CEO of Twitter, is responsible for a total of 28,354 BTC, valued at around $2.2 billion at current market prices.
The parent company 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, it intends to publish regular third-party reports. 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.
The company has made wallet addresses and signed messages available on the blockchain, enabling anyone to verify ownership without needing access to private keys.