In the first quarter, Block (XYZ) acquired an additional 114 bitcoin, valued at $79,854.07, increasing its corporate reserves to nearly 9,000 BTC, equivalent to approximately $691 million, as indicated by a publicly accessible proof-of-reserves dashboard. As of the end of the previous year, the company held 8,883 BTC.
When including the 19,357 BTC managed on behalf of its customers, the payments firm, co-founded by Jack Dorsey, former Twitter CEO, is responsible for a total of 28,354 BTC, valued at around $2.2 billion at current market prices. The owner of Square and Cash App notes that while the dashboard provides a snapshot of its holdings at a specific point in time, rather than a comprehensive solvency audit, 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 facilitate verification, the company has published its wallet addresses and signed messages on the blockchain.