During the first quarter, Block acquired an additional 114 bitcoins, valued at $78,315.30, increasing its corporate reserves to nearly 9,000 BTC, which is equivalent to approximately $691 million, as indicated on a publicly accessible proof-of-reserves dashboard. At the end of the previous year, the company held 8,883 BTC. When including the 19,357 BTC managed on behalf of clients, the 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.
As the owner of Square and Cash App, Block has stated that while the dashboard provides a snapshot of its holdings at a specific point in time and is not a comprehensive audit of its financial solvency, it intends to issue regular reports from third-party auditors. The snapshot, which reflects the company's balances as of March 2026, is supported by third-party audit checks and cryptographic signatures, allowing users to verify the information independently. To facilitate this, Block has published its wallet addresses and signed messages on the blockchain, enabling anyone to confirm ownership without needing access to private keys.