In the first quarter, Block acquired 114 bitcoin, valued at $78,163.69, increasing its corporate reserves to nearly 9,000 BTC, which is worth approximately $691 million, as per 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, Block, a 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 owner of Square and Cash App notes that while the dashboard offers a point-in-time snapshot, it is not a comprehensive audit of solvency. However, the company intends to issue regular third-party reports. The snapshot, which reflects balances as of March 2026, is supported by third-party audit checks and cryptographic signatures that can be independently verified by users.
To confirm ownership, the company has published wallet addresses and signed messages on the blockchain, allowing verification without requiring access to private keys.