In the first quarter, Block acquired 114 additional bitcoin, valued at approximately $78,642.81, bringing its total corporate bitcoin holdings to nearly 9,000, equivalent to around $691 million. This is according to the company's publicly available proof-of-reserves dashboard, which shows an increase from the 8,883 BTC held at the end of the previous year.
When including the 19,357 bitcoin held for customers, the firm, co-founded by Jack Dorsey, has a total responsibility of 28,355 BTC, valued at about $2.2 billion at current market prices. Block, the parent company of Square and Cash App, has clarified that this snapshot provides a momentary view of its reserves and is not a comprehensive audit of its financial health, although it intends to publish regular third-party reports.
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 ensure transparency, the company has published its wallet addresses and signed messages on the blockchain, enabling anyone to confirm ownership without needing access to private keys.