Block's continued accumulation of bitcoin is a positive signal for the asset's adoption by corporations. while a single company's purchase isn't enough to drastically move the market, it contributes to the narrative of bitcoin as a store of value and treasury asset.
Increased corporate treasury holdings, coupled with transparency initiatives like proof-of-reserves, generally bolsters investor confidence and can lead to increased demand for bitcoin.
This news contributes to the long-term trend of institutional adoption and the perception of bitcoin as a legitimate asset for corporate treasuries. the impact will likely unfold over months and years.
Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Jack Dorsey's Block nears 9,000 bitcoin in treasury after Q1 addition The firm added 114 BTC to its corporate treasury, for a total of 8,997 BTC, and said it plans to issue regular third-party reports. By Francisco Rodrigues | Edited by Sheldon Reback Apr 28, 2026, 9:54 a.m. Make preferred on (Behnam Norouzi/Unsplash) 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. Bitcoin News Digital Asset Treasury More For You Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace By Shaurya Malwa | Edited by Sheldon Reback 1 hour ago Bitmine bought $234 million of ether in its largest weekly purchase this year, closing in on Strategy's regular bitcoin buys once the firm's STRC-fueled spikes are stripped out. What to know : Bitmine Immersion Technologies bought $234 million of ether last week, bringing its weekly crypto purchases close to the typical $200 million to $300 million that Strategy spends on bitcoin. Despite sitting on nearly $8 billion in unrealized losses earlier this year, Bitmine accelerated its purchases, giving ether a Strategy-like corporate... Read full story Latest Crypto News Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace 1 hour ago Ondo Finance adds proxy voting for holders of its $700 million tokenized equities 2 hours ago Three Bank of Japan members call for a rate hike; yen rises while bitcoin falls 3 hours ago What next as XRP drops 3% under $1.40 on strong selling 4 hours ago Bitcoin loses $77,000, ether, solana slide as Hormuz standoff lifts oil to 3-week high 4 hours ago Bitcoin pressured by Fed uncertainty, oil, and AI slowdown 5 hours ago Top Stories Industry leaders are pouring hundreds of millions into a rescue plan for Aave users after massive crypto hack 12 hours ago A long-time developer wants to split Bitcoin blockchain and reassign Satoshi coins. The community is calling it a theft Apr 27, 2026 Western Union eyeing stablecoin launch to settle global transactions without SWIFT, CEO says 13 hours ago Michael Saylor’s Strategy buys 3,273 bitcoin as it inches closer to its 1 million target 20 hours ago In this article BTC BTC $ 76,594.03 ◢ 1.70 %