In the first quarter, Block acquired 114 additional bitcoins, valued at $79,854.07, thereby increasing its corporate reserves to nearly 9,000 BTC, equivalent to approximately $691 million, as indicated on a publicly accessible proof-of-reserves dashboard. This represents 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 former Twitter CEO Jack Dorsey, oversees a total of 28,355 BTC, with a current value of around $2.2 billion. Although the dashboard provides a snapshot of the company's holdings at a specific point in time rather than a comprehensive solvency audit, Block plans to issue regular reports from third-party auditors.
The snapshot, which reflects the 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 requiring access to private keys.