Jack Dorsey Block Inc. Reports 28,355 BTC In Holdings, Worth $2.2B

Key Insights

• Jack Dorsey strategy focused on Bitcoin integration across payments and custody.
• Block Inc. reported 28,355 BTC holdings as of March 2026, valued at nearly $2.2 billion.
• The firm ranked around 14th among public Bitcoin treasury holders.

Block Inc., led by Jack Dorsey, disclosed its Bitcoin reserves in a Q1 2026 transparency update released in late April. The U.S.-based payments company reported holding 28,355 Bitcoin as of March, valued at about $2.2 billion. The report explained how the firm separates customer assets from corporate treasury holdings and uses on-chain verification. The disclosure came as institutional interest in Bitcoin treasury strategies continued to grow across public companies.

Independent auditors confirmed full backing and on‑chain verification. This disclosure highlights Block’s deep integration of Bitcoin into its treasury. It also shows transparency in operations.

With Square and Cash App under its wing, Block positions itself as a leading Bitcoin‑native public company.

Detailed Breakdown of Holdings

The reserves comprise two distinct categories. Customer Bitcoin held primarily through Cash App totals 19,357.16 BTC, valued at roughly $1.5 billion. These represent user-owned assets custodied by Block.

The company’s corporate treasury holds 8,997.89 BTC, worth about $696 million at prevailing prices. Third-party auditors reviewed the figures, verifying that all Bitcoin balances match reported liabilities with no shortfalls.

The proof-of-reserves mechanism allows anyone to cryptographically confirm ownership directly on the blockchain. All verifications run locally in the user’s browser for maximum security and privacy. Every transaction in the audit passed verification successfully.

This split is significant for investors. The larger customer portion exposes Block to operational Bitcoin volume through its payment and self-custody services. However, the corporate stake provides direct balance-sheet exposure to Bitcoin’s price movements.

Block accounts for its investment in Bitcoin as an indefinite-lived intangible asset. That subjects it to periodic fair-value remeasurements that can impact earnings during periods of volatility.

Corporate Treasury Strategy and Market Position

Block began adding Bitcoin to its balance sheet in 2020. Its approach remained measured compared to aggressive accumulators like MicroStrategy. Earlier filings showed holdings near 8,883 BTC, with the latest update confirming a gradual increase.

Public trackers placed Block around the 14th-largest corporate Bitcoin holder. The firm sits behind major treasury-focused companies but ahead of traditional firms testing Bitcoin exposure.

Block’s strategy extends beyond holding assets. Square and Cash App allow users to buy, sell, and transfer Bitcoin. The company also launched the Bitkey hardware wallet to support self-custody.

Additionally, Block operates Proto, a division focused on Bitcoin mining hardware. This shows involvement across multiple layers of the Bitcoin ecosystem, from payments to infrastructure.

The company’s transparency push aligns with Dorsey’s long-standing position on Bitcoin as an open financial system. The latest disclosure reinforces that strategy while giving markets clearer visibility into its balance sheet.

The post Jack Dorsey Block Inc. Reports 28,355 BTC In Holdings, Worth $2.2B appeared first on The Market Periodical.