- Block disclosed total Bitcoin holdings of 28,355 BTC, worth about $2.2 billion as of the end of March 2026.
- The company’s own treasury held 8,997 BTC, while 19,357 BTC was held on behalf of customers.
Jack Dorsey’s Block has finally put a hard number on its Bitcoin exposure. It is a big one. The payments company disclosed that it held 28,355 BTC at the end of March, valued at roughly $2.2 billion. But the split matters.
proof of reserves https://t.co/XuFpXxfjzU
— jack (@jack) April 27, 2026
Most of that Bitcoin is not Block’s corporate stash. Around 19,357 BTC, worth about $1.5 billion, was held for customers, while 8,997 BTC, or roughly $692 million, sat on the company’s own balance sheet.
That distinction will not stop the headline from travelling fast. “Dorsey’s Block holds $2.2 billion in Bitcoin” is cleaner than the accounting reality. Still, the disclosure is meaningful. Block is not merely offering Bitcoin access through Cash App and talking up open money on the conference circuit. It is carrying Bitcoin directly, and now it is showing more of the machinery behind that position.
A Treasury Strategy With Fewer Hiding Places
Block’s latest disclosure came through its proof-of-reserves page, where the company says users can verify Bitcoin reserves using cryptographic proof. The page describes the dashboard as a point-in-time snapshot rather than a solvency guarantee, which is the sort of caveat that matters in crypto, even if it rarely gets the biggest font.
The corporate figure has also grown. Block reportedly added 114 BTC in the first quarter, taking its company-owned holdings close to 9,000 BTC. At the end of last year, that figure stood at 8,883 BTC.
This fits with the policy Dorsey laid out in 2024, when Block said it would invest 10% of gross profit from Bitcoin products into Bitcoin purchases. The company described the approach as a monthly dollar-cost averaging programme rather than a one-off treasury punt.
There is a slightly old-school corporate finance question underneath all this. How much Bitcoin exposure do shareholders actually want from a payments company whose main businesses are Square and Cash App? Block has long argued that Bitcoin is part of its identity, not some side bet bolted onto the balance sheet. Dorsey has been consistent on that. Sometimes stubbornly so.
The timing is also not neutral. Public companies holding Bitcoin are being watched more closely again, partly because Bitcoin treasury strategies have become a clearer category of their own. Strategy, formerly MicroStrategy, still dominates that conversation by a wide margin, but Block is different. It has consumer payments, merchant services, hardware ambitions, and a Bitcoin thesis running through the lot.
That makes the new reserve disclosure useful, even for skeptics. It separates customer assets from corporate assets. It gives a cleaner view of what Block owns versus what it safeguards. And it puts a number, finally, on a strategy Dorsey has been signalling for years without dressing it up too much.
