Jack Dorsey’s Block Nears 9,000 Bitcoin Holdings After Q1 Treasury Expansion

Block, the payments company co-founded by Jack Dorsey and known for operating Square and Cash App, expanded its bitcoin treasury during the first quarter by adding 114 BTC. This latest purchase raised the firm’s corporate bitcoin holdings to 8,997 BTC, moving it close to the 9,000-bitcoin milestone. The company previously reported holding 8,883 BTC at the end of the last year, showing a steady increase in its digital asset reserves. At current market prices, the corporate bitcoin treasury is valued at approximately $691 million.

Customer Bitcoin Balances Increase Total Managed Assets

In addition to its corporate reserves, Block also holds bitcoin on behalf of customers using its payment platforms. These customer balances amount to 19,357 BTC. When combined with corporate holdings, the total bitcoin under Block’s responsibility reaches 28,355 BTC, with an estimated market value of about $2.2 billion. This figure reflects the company’s broader role in supporting bitcoin storage and transactions across its financial services ecosystem.

Proof-of-Reserves Dashboard and Transparency Measures

Block released a public proof-of-reserves dashboard that lists wallet addresses and cryptographic signatures, allowing users to independently verify bitcoin ownership onchain. The snapshot reflects balances as of March 2026 and includes third-party verification checks. The company clarified that this report represents a point-in-time snapshot rather than a complete solvency audit, while confirming plans to publish regular third-party reports to strengthen transparency.