VERIFIEDBy Xavier Rivera· ·1 min read
Block Discloses $2.2B Bitcoin Holdings in Q1 Report
Jack Dorsey's Block discloses 28,355 BTC worth $2.2 billion in its audited Q1 proof-of-reserves report. The transparency measure, including customer and treasury splits, allows on-chain verification amid industry push post-FTX.
Source:Decrypt
TL;DRAI · 60 sec read
Block publishes its first-quarter proof-of-reserves report, disclosing total Bitcoin holdings of 28,355 BTC worth approximately $2.2 billion as of March 2026.
Customer holdings total 19,357 BTC valued at about $1.5 billion, while corporate treasury holdings comprise 8,997 BTC worth roughly $692.3 million. Third-party auditors confirm the figures.
The report enables independent verification through on-chain cryptographic signatures. "People shouldn't have to trust that their Bitcoin is there, they should be able to verify it," Block states. Reserves remain actively controlled, beyond historical observation.
Block's corporate treasury ranks as the 14th-largest among corporate Bitcoin holders, behind Trump Media, per BitcoinTreasuries.net. Proof-of-reserves gained traction after FTX's November 2022 collapse, though Michael Saylor criticized the practice in May 2025 as insecure.
Block releases first-quarter earnings on May 7.
Customer holdings total 19,357 BTC valued at about $1.5 billion, while corporate treasury holdings comprise 8,997 BTC worth roughly $692.3 million. Third-party auditors confirm the figures.
The report enables independent verification through on-chain cryptographic signatures. "People shouldn't have to trust that their Bitcoin is there, they should be able to verify it," Block states. Reserves remain actively controlled, beyond historical observation.
Block's corporate treasury ranks as the 14th-largest among corporate Bitcoin holders, behind Trump Media, per BitcoinTreasuries.net. Proof-of-reserves gained traction after FTX's November 2022 collapse, though Michael Saylor criticized the practice in May 2025 as insecure.
Block releases first-quarter earnings on May 7.
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