Block accumulates 114 BTC in Q1 to reach 8,883 BTC corporate treasury holding

Block disclosed a strategic accumulation of 114 BTC during the first quarter, elevating its direct corporate treasury to 8,883 BTC. This specific acquisition brings the total valuation of the company's own holdings to approximately $691 million based on current market pricing. The data, verified through a public proof-of-reserves dashboard, reflects a deliberate continuation of the firm's asset accumulation strategy initiated in the prior fiscal year. Woofun AI reports that the company held 8,883 BTC at the close of the previous year, establishing a baseline for this quarterly growth trajectory.

Beyond its direct treasury, the payments entity co-founded by Jack Dorsey manages a significant volume of digital assets on behalf of its user base. The firm stated it is responsible for a combined total of 28,355 BTC, which includes the 19,357 BTC held in custody for customers. At prevailing market rates, this aggregate exposure represents a total value of roughly $2.2 billion. This dual-layer holding structure underscores the firm's deep integration of BTC into both its balance sheet and its core payment infrastructure.

The transparency mechanism employed involves a point-in-time snapshot rather than a comprehensive solvency audit, though the company has committed to publishing regular third-party verification reports in the future. The specific snapshot captures balances as of March 2026 and relies on cryptographic signatures to ensure data integrity. Woofun AI notes that these cryptographic proofs allow independent users to verify the authenticity of the reported figures without requiring access to sensitive private keys.

To facilitate this level of verification, the company published specific wallet addresses alongside signed messages directly on the blockchain. This onchain publication enables any observer to confirm ownership and balance accuracy through public ledger inspection. The approach prioritizes cryptographic proof over traditional financial auditing for immediate transparency, aligning with broader industry trends toward verifiable reserve reporting. Woofun AI analysis suggests this method sets a precedent for how major payment processors might disclose digital asset liabilities moving forward.