Jack Dorsey's Block Discloses $2.2 Billion Bitcoin Treasury Reserve, Holding 28,355 BTC and Enabling On-Chain Validation

BlockBeats News, April 28th, Jack Dorsey's payment company Block Inc. announced its first quarter 2026 Bitcoin Reserve Proof of Reserves report, holding a total of 28,355 BTC as of the end of March, valued at approximately $2.2 billion at current prices.

Among them, about 19,357 BTC (approximately $1.5 billion) are user custody assets, while the company's own holdings amount to 8,997 BTC (approximately $692 million). The related reserves have been audited by a third-party auditing firm and cover business operations such as Square and Cash App.

Block stated that users "should not rely solely on trust but should be able to independently verify the Bitcoin reserves," and mentioned that anyone can independently verify their holdings through on-chain signatures.
It is worth noting that since the FTX collapse, more and more crypto companies have begun to adopt the Proof of Reserves mechanism to enhance transparency. However, Michael Saylor had previously publicly opposed companies disclosing on-chain reserve addresses, believing it could pose security risks.

According to the financial report, Block will release its first-quarter official financial report on May 7th. The company reported a net profit of $115.7 million in the fourth quarter of 2025, lower than the $1.9 billion in the same period of 2024.