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Jack Dorsey's Block nears 9,000 bitcoin in treasury after Q1 addition

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coindesk
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2 hours ago
AI summarizes in 5 seconds.


What to know : Block said it added 114 BTC to its digital asset treasury, taking the total to 8,997 BTC. Adding in customers' holdings, a proof-of-reserves report shows the payments company is responsible for a total of 28,355 BTC, worth about $2.2 billion. Wallet addresses and cryptographic proofs are published for onchain verification, enabling the public to independently confirm BTC ownership.

Block (XYZ) said it added 114 bitcoin BTC$76,594.03 in the first quarter, bringing its corporate holdings to near 9,000 BTC, worth about $691 million, according to a public proof-of-reserves dashboard. It held 8,883 BTC at the end of last year.

Adding in the 19,357 BTC held on behalf of customers, the payments company co-founded by former Twitter CEO Jack Dorsey said it is responsible for a total of 28,355 BTC, worth about $2.2 billion at current prices.

The owner of Square and Cash App said the dashboard is a point-in-time snapshot and not a full audit of solvency, though it plans to publish regular third-party reports.

The snapshot reflects balances as of March 2026 and is backed by third-party audit checks and cryptographic signatures that users can verify independently.

The company published wallet addresses and signed messages onchain, allowing anyone to confirm ownership without access to private keys.

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