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.
AI Summary
Block, the payments company founded by Jack Dorsey, added 114 BTC to its corporate treasury in Q1, bringing its total holdings to 8,997 BTC worth approximately $691 million. Including customer holdings, Block is responsible for a total of 28,355 BTC valued at about $2.2 billion, with the company publishing a proof-of-reserves dashboard featuring wallet addresses and cryptographic proofs that allow public verification of its bitcoin ownership. Block stated it plans to issue regular third-party reports to provide transparency on its digital asset holdings.