During Q1, Block acquired an additional 114 bitcoins, valued at approximately $80,890.50, thereby increasing its corporate reserves to nearly 9,000 BTC, which translates to around $691 million based on current prices, 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 clients, the firm, co-founded by Jack Dorsey, former CEO of Twitter, oversees a total of 28,354 BTC, equivalent to roughly $2.2 billion at present market rates. The parent company of Square and Cash App has stated that while the dashboard provides a snapshot of its holdings at a particular point in time, rather than a comprehensive audit of its financial stability, it intends to issue regular reports from third-party auditors. The snapshot, which reflects the company's balances as of March 2026, is supported by cryptographic signatures and third-party audit checks that can be verified independently by users.
To verify ownership, the company has published wallet addresses and signed messages on the blockchain, allowing anyone to confirm ownership without needing access to private keys.