During the first quarter, Block acquired an additional 114 bitcoins, valued at $78,177.51, increasing its corporate reserves to nearly 9,000 BTC, which is equivalent to 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 held in trust for its clients, the payments firm, co-founded by former Twitter CEO Jack Dorsey, has oversight of a total of 28,355 BTC, valued at around $2.2 billion at current market prices.
The owner of Square and Cash App notes that this snapshot provides a point-in-time view and should not be considered a comprehensive audit of solvency, although 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 verify ownership without needing access to private keys.