Block Inc., under the leadership of CEO Jack Dorsey, announced in its first-quarter 2026 reserve report that its total Bitcoin holdings have reached 28,355 BTC. The total value of these assets is estimated to be approximately $2.2 billion by the end of March 2026. The report, published by the company and verified by third-party auditors, also includes assets held through institutional treasuries, Square, and CashApp.
According to the statement, approximately 19,357 BTC (approximately $1.5 billion) of the total Bitcoin holdings consist of customer funds, while 8,997 BTC (approximately $692 million) is held on the company’s own balance sheet.
Block emphasized transparency, stating that users should be able to directly verify the existence of assets, not just rely on trust. The company stated that thanks to on-chain signatures, anyone can independently check the reserves.
In the crypto sector, “proof-of-reserves” applications have become widespread, especially after the FTX crash. This method aims to allow companies to transparently disclose the assets they hold. However, some industry representatives argue that this approach may create security risks.
Details regarding Block’s financial performance are expected to be announced on May 7th. The company reported a net profit of $115.7 million in the last quarter of 2025. While its share performance has been volatile recently, it maintains an upward trend on a monthly basis.
*This is not investment advice.
