Block has announced the addition of 114 bitcoin, valued at $78,273.84, to its corporate reserves during the first quarter, bringing its total holdings to nearly 9,000 BTC, which is approximately $691 million. This is an increase from the 8,883 BTC held at the end of the previous year. Including the 19,357 BTC managed on behalf of its clients, the company, co-founded by Jack Dorsey, has a total of 28,355 BTC under its care, equivalent to around $2.2 billion at current market prices.
Although the provided dashboard offers a snapshot of the company's reserves at a particular point in time and is not a comprehensive audit, it is backed by third-party verification and cryptographic signatures, enabling users to independently confirm the data. The company intends to issue regular third-party reports and has made wallet addresses and signed messages publicly available, allowing for verification of ownership without requiring access to private keys.