During the first quarter, Block acquired 114 additional bitcoin, valued at $79,784.71, increasing its corporate reserves to nearly 9,000 BTC, which is approximately $691 million, according to a publicly accessible proof-of-reserves dashboard. The company's bitcoin holdings stood at 8,883 at the end of the previous year. When including the 19,357 BTC managed on behalf of its customers, the payments firm, co-founded by Jack Dorsey, former CEO of Twitter, oversees a total of 28,355 BTC, equivalent to around $2.2 billion at current market prices.
As the owner of Square and Cash App, Block explains that the dashboard provides a snapshot at a specific point in time and is not a comprehensive audit of solvency. However, the company intends to issue regular third-party reports. The snapshot, which reflects balances as of March 2026, is supported by third-party audit checks and cryptographic signatures that can be independently verified by users. To confirm ownership, the company has published wallet addresses and signed messages on the blockchain, allowing verification without requiring access to private keys.