Block Inc., the payments company led by former Twitter CEO Jack Dorsey, has disclosed its Bitcoin holdings for the first quarter of 2026, revealing a significant increase in its corporate treasury. According to the company's public proof-of-reserves report, Block added 114 Bitcoin in Q1, bringing its corporate holdings to 8,997 BTC, worth approximately $692 million. At the end of 2025, the company held 8,883 BTC.
The total Bitcoin under Block's responsibility, including customer funds held through Square and Cash App, stands at 28,355 BTC — worth roughly $2.2 billion at current prices. Of that total, 19,357 BTC (about $1.5 billion) belongs to customers, while the remaining 8,997 BTC is held on the company’s own balance sheet.
Block emphasized transparency, stating that users should be able to directly verify the existence of assets, not just rely on trust. The company published wallet addresses and signed messages on-chain, allowing anyone to independently confirm ownership of the reserves without access to private keys. This proof-of-reserves approach has gained traction in the crypto industry, especially after the collapse of FTX in 2022, as a way for companies to demonstrate solvency.
However, some industry experts caution that public reserve disclosures could introduce security risks. Despite this, Block remains committed to regular reporting. The snapshot reflects balances as of March 2026 and is backed by third-party audit checks and cryptographic signatures.
Block's full first-quarter financial performance is expected to be announced on May 7. In the last quarter of 2025, the company reported a net profit of $115.7 million. While its stock has shown volatility recently, it maintains an upward trend on a monthly basis.
