Fintech giant Block Inc., under Jack Dorsey’s leadership as the owner of Square and Cash App platforms, has shared its first quarter proof-of-reserves report with the public. The report emphasizes that the company’s total bitcoin holdings reached 28.355 BTC, including customer accounts. As of the end of March 2026, this asset was worth approximately 2.2 billion dollars and was verified by independent auditors. With the current BTC price at 76.187,29 USD, the holdings are now worth approximately 2.16 billion dollars.
The report, approved by third-party auditors, provides transparency by separating company and customer assets.Block Inc.’s BTC Reserves Distribution Details
Customer accounts hold 19.357 BTC (end of March 1.5 billion dollars), while the company treasury holds 8.997 BTC (692.3 million dollars). The following table summarizes the distribution:
| Category | BTC Amount | Value (March 2026) |
|---|---|---|
| Total | 28.355 BTC | 2.2 billion USD |
| Customer | 19.357 BTC | 1.5 billion USD |
| Company | 8.997 BTC | 692.3 million USD |
Independent Audit and On-Chain BTC Verification
The company stated that everyone can independently verify these amounts using blockchain signatures. This can be integrated with BTC detailed analysis tools. The proof-of-reserves, standardized after the FTX collapse, covers Block’s corporate treasury, Square, and Cash App assets.
BTC Technical Analysis: Current Support and Resistance Levels
BTC is down -0.73% in 24 hours at 76.187 USD, RSI 55.28 (neutral), Supertrend bearish. EMA 20: 75.400 USD. Key levels:
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 (Strong) | 72.809 USD | 80/100 | -4.39% | Ichimoku Kijun, Fibo 0.382 |
| S2 (Strong) | 74.682 USD | 65/100 | -1.93% | Ichimoku |
| R1 (Strong) | 80.810 USD | 65/100 | +6.12% | Fibo 0.618, ATR |
| R2 (Medium) | 76.518 USD | 57/100 | +0.48% | Pivot, Ichimoku |
In a sideways trend, Block’s BTC carries risk near the S1 support. For details, BTC futures.
Crypto Transparency Trend and Michael Saylor’s View
While Michael Saylor argues that similar reports carry security risks, Block is strengthening user confidence. Active reserve management differs from passive reports. Tokens like FTT have increased the demand for transparency after FTX.
Block Stock and May 7 Earnings Expectations
Block shares closed at 71.28 USD on NYSE with a 0.49% decline, up 24.9% in the last month. Net profit changes will be monitored in the May 7 Q1 earnings; there was volatility in the previous Q4. In the sector, fintechs are shifting toward strict standards.
Block’s move is rebuilding institutional BTC confidence.
Source: https://en.coinotag.com/block-inc-28355-btc-reserve-report-released
