Block's Bitcoin Proof-of-Reserves Boosts Transparency as BTC Hits $76K

Jack Dorsey's Block reinforces its proof-of-reserves transparency push, verifying 28,355 BTC (~$2.2B) total holdings—including 19,357 BTC ($1.5B) for customers and 8,997 BTC ($692M) corporate treasury, ranking 14th-largest. Announced April 28 with audited on-chain verification, it pairs with product launches like Bitkey wallet, 5% BTC cashback at Square, waived fees through 2026, and $10K/day withdrawal limits. Latest coverage highlights boosted trust and adoption, with BTC trading at $76,084, potentially fueling demand ahead of May 7 earnings.