Jack Dorsey’s Block Inc. just bumped its bitcoin stash to nearly 9,000 coins. The fintech giant added 114 BTC in the first quarter of 2026, pushing corporate holdings to 8,997 BTC—valued at about $687 million. Total bitcoin under Block’s control, including customer assets from Cash App and Square, hit 28,355 BTC, or roughly $2.2 billion. Balances as of March 31, verified on-chain.
This isn’t a one-off buy. Block has methodically stacked sats for years, embracing dollar-cost averaging. From 8,883 BTC at year-end 2025, the latest addition signals unwavering commitment. And now, with a new proof-of-reserves dashboard, anyone can check the math. No blind faith required.
Block publishes wallet addresses and signed messages on the blockchain. Third-party audits back it up. Cryptographic proofs run locally on users’ devices. “People shouldn’t have to trust that their bitcoin is there, they should be able to verify it,” the company states on its Proof of Reserves page. Reserves stay actively controlled, not just snapshots.
From Square Roots to Blockchain Powerhouse
Block started as Square, the payments disruptor Dorsey co-founded in 2009. It processed small transactions via card readers for coffee shops and food trucks. Revenue exploded. But Dorsey always eyed bigger things—decentralized money.
Rebrand to Block in 2021. Cash App boomed with bitcoin trading. By 2024, corporate buys kicked off seriously: 152 BTC in Q3, 122 more by December, then incremental adds. Holdings crossed 8,000 BTC last year. Stock ticker? Now XYZ on NYSE, down 70% over five years to $71.28 a share. Bitcoin volatility bites. Yet Dorsey holds firm.
Why bitcoin? Dorsey calls it the native currency of the internet. Block’s blueprint outlines it as a hedge against fiat debasement, a store of value superior to cash. They DCA monthly, open-source tools for others to follow—like their “goose” AI agent for treasury dashboards. Public companies watching closely.
Customer side thrives too. Cash App lets users buy, sell, hold BTC. Square merchants—over 800,000 now—prep for bitcoin acceptance. New features roll out: automatic bitcoin earning on Cash App, 5% bitcoin back on Square buys. Withdrawal limits jump to $10,000 daily, $25,000 weekly.
Proof, Products, and Payments Push
Timing perfect. Block unveiled this at Bitcoin Las Vegas 2026 prep. Bitkey hardware wallet launches—with a secure screen for self-custody. NFC tap-to-pay demo incoming: merchants accept bitcoin like contactless cards. Zero fees through 2026. Instant via Lightning Network.
“Block’s bitcoin ecosystem makes it simpler to secure, earn, and spend bitcoin in everyday life,” per their announcement. CoinDesk reports the Q1 add takes treasury to 8,997 BTC, with regular third-party reports planned (CoinDesk). Yahoo Finance pegs self-owned at 8,883 BTC worth $691 million as of March 31 (Yahoo Finance).
Bitcoin trades around $76,500. Block ranks 14th among public bitcoin holders, per BitcoinTreasuries.net. X chatter buzzes: “Block stacking to ~9k BTC and going full PoR is bullish af for corporate Bitcoin,” posts @position_xbt. Analyst Marco Battistoni shares the breakdown: 8,997 corporate, 19,357 customer.
Rivals pile in—MicroStrategy leads with hundreds of thousands BTC. But Block blends custody, payments, hardware. Stock lags? Bitcoin exposure swings wild. Q1 revenue from bitcoin grew before, per past filings. Future upside if adoption accelerates.
Regulatory hurdles loom. Full Square bitcoin rollout eyes 2026, pending approvals. Dorsey’s vision: bitcoin everywhere. From treasury to till. Block leads the charge.
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