Jack Dorsey’s payments company Block has grown its corporate bitcoin treasury to 8,997 BTC after adding 114 coins during the first quarter of 2026, placing its self-custody holdings within striking distance of the 9,000 BTC milestone. The supporting evidence appears in the filing.
At current prices, the corporate stake is valued at approximately $691 million, according to a publicly accessible proof-of-reserves dashboard the company released alongside the disclosure.
The announcement marks a meaningful step in Block’s ongoing commitment to bitcoin as a treasury asset, and introduces a new layer of transparency through cryptographic verification tools that allow anyone to confirm the company’s holdings without requiring access to private keys.
Proof of Reserves Covers $2.2 Billion in Total BTC Responsibility
Block’s own corporate balance sheet accounts for only part of the firm’s total bitcoin exposure. When customer holdings managed through its Cash App and Square platforms are included, the company said it is responsible for 28,355 BTC in total, valued at roughly $2.2 billion at current market prices.
Of that figure, 19,357 BTC are held on behalf of users rather than as proprietary corporate assets.
The proof-of-reserves snapshot reflects balances as of March 2026 and is supported by third-party audit checks and cryptographic signatures. Block published wallet addresses and signed messages onchain, enabling independent verification of ownership.
The company was clear that the dashboard represents a point-in-time snapshot rather than a comprehensive solvency audit, though it stated plans to issue regular third-party reports going forward.
This approach to transparency is notable at a time when institutional demand for verifiable custody disclosures has intensified following high-profile exchange failures in prior years.
By anchoring its disclosure to onchain evidence rather than self-reported figures alone, Block is positioning its treasury communications closer to the standard that crypto-native firms have long advocated.
Block's Bitcoin Accumulation Strategy Takes Shape
Block ended 2024 holding 8,883 BTC, as disclosed in its annual SEC filing. The additional 114 BTC acquired during Q1 2026 represents a measured but consistent pace of accumulation rather than the aggressive lump-sum purchases seen from some peers in the corporate treasury space. The company has not announced a formal bitcoin-per-revenue allocation formula, but the steady cadence of additions suggests a deliberate, ongoing strategy.
Block is the parent company of Square, the merchant payments platform, and Cash App, a consumer finance product that has offered bitcoin buying and withdrawals to millions of users for several years.
Dorsey has been one of the most vocal bitcoin advocates among mainstream technology executives, and Block’s treasury approach reflects that conviction at the corporate balance sheet level.
The broader corporate bitcoin treasury trend has gathered momentum across multiple sectors. Strategy, the software firm led by Michael Saylor, remains the largest publicly traded holder of bitcoin by a wide margin, but a growing number of companies have followed with smaller but deliberate allocations.
Block’s accumulation sits at the more measured end of that spectrum, prioritizing auditability alongside accumulation.
Elsewhere in the institutional digital asset space, Bitmine recently made headlines after purchasing approximately $234 million worth of ether in what the firm described as its largest single-week acquisition of the year.
That purchase drew comparisons to Strategy’s recurring bitcoin buying pattern, illustrating how corporate treasury activity is now expanding beyond bitcoin into the broader digital asset market. Block, by contrast, remains exclusively focused on BTC at the treasury level.
The proof-of-reserves framework Block has adopted also carries implications for regulatory credibility.
As lawmakers in the United States continue to develop clearer frameworks for digital asset disclosures, companies that voluntarily implement verifiable reserve reporting may find themselves better positioned when compliance requirements are eventually formalized.
Block’s choice to publish cryptographic proofs and wallet addresses ahead of any regulatory mandate signals a proactive stance on that front.
With 8,997 BTC now confirmed through an independently verifiable dashboard, Block is three coins away from a psychologically significant threshold.
Whether the company crosses 9,000 BTC in the next quarterly update or continues its measured pace, the infrastructure it has built around transparent reporting may prove as consequential as the accumulation itself.
Not Financial Advice: This article is for informational purposes only. Crypto investments are highly volatile. Always do your own research.
