Block Reveals $2.2B Bitcoin Holdings with 8,997 BTC Corporate Treasury in Q1

Jack Dorsey's Block disclosed a proof-of-reserves report for Q1 2026, revealing total Bitcoin holdings of 28,355 BTC (~$2.2 billion) including 19,357 BTC (~$1.5 billion) for customers and 8,997 BTC (~$692 million) in its corporate treasury. This marks a modest increase of 114 BTC in corporate holdings from 8,883 BTC at end-2025, positioning Block as the 14th largest corporate holder. The onchain-verifiable snapshot enhances transparency amid institutional adoption, potentially tightening supply, though it lacks a full liabilities audit; Bitcoin traded $60k-$80k in Q1 with earnings due May 7.