Block (XYZ) added 114 Bitcoin (BTC) to its corporate treasury in the first quarter, taking the total to 8,997 BTC worth roughly $692 million.
Block Q1 Disclosure
The payments firm co-founded by Jack Dorsey published its first proof-of-reserves dashboard on Monday. The snapshot reflects balances as of March 2026.
Including 19,357 BTC held for customers across Square and Cash App, Block is responsible for 28,355 BTC, worth about $2.2 billion. Third-party auditors verified the figures.
The company posted wallet addresses and signed onchain messages, letting anyone confirm ownership without access to private keys. Block ended last year with 8,883 BTC.
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Saylor Pushback
Block's 8,997 BTC corporate stack ranks 14th among public treasuries, just behind Trump Media, according to BitcoinTreasuries.net data cited by Decrypt.
Proof-of-reserves disclosures spread across the industry after FTX collapsed in late 2022, though the practice still has critics.
Michael Saylor, executive chair of Strategy, argued in May 2025 that publishing wallet addresses exposes a firm's full transaction history and weakens, rather than strengthens, security.
Dorsey's firm has steadily expanded its Bitcoin footprint over the past two years. The Monday rollout in Las Vegas also introduced a Bitkey hardware wallet with a touchscreen, 5% Bitcoin cashback at Square merchants, and higher Cash App withdrawal limits of $10,000 daily.
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