During the first quarter, Block acquired an additional 114 bitcoin, valued at $78,688.07, increasing its corporate reserves to nearly 9,000 BTC, equivalent to approximately $691 million, as indicated by a publicly accessible proof-of-reserves dashboard. This marks a growth from the 8,883 BTC held at the end of the previous year.
When including the 19,357 BTC managed on behalf of clients, the firm, co-founded by Jack Dorsey, former CEO of Twitter, oversees a total of 28,354 BTC, worth around $2.2 billion at current market prices. As the owner of Square and Cash App, Block emphasizes that this snapshot provides a momentary view and does not serve as a comprehensive audit of solvency. However, the company intends to issue regular third-party reports.
The snapshot, reflecting balances as of March 2026, is supported by third-party audit checks and cryptographic signatures, allowing users to verify ownership independently without needing access to private keys. Furthermore, Block has published wallet addresses and signed messages on the blockchain, enabling anyone to confirm ownership.