Fintech Company Block Now Owns Nearly 9,000 Bitcoin

Block (formerly Square) has increased its bitcoin holdings, adding 114 BTC in Q1 to hold 8,883 BTC on its balance sheet (worth about $691 million as of March 31, 2026). Including 19,357 BTC held on behalf of customers, the company controls a total of 28,355 BTC (~$2.2 billion). The disclosure, backed by third‑party audits and on‑chain proofs, underscores continued corporate accumulation of bitcoin and could support demand narratives for BTC. The article is largely informational and neutral on market direction but highlights Block’s active role in crypto adoption while noting the company’s stock (XYZ.N) has fallen about 70% over five years.