Block

Block, Inc.

Treasury Qualification

Treasury classificationOperating Company with BTC Treasury

Qualification tierCore Directory

Directory statusIncluded

Ownership statusCompany-owned Bitcoin held for long-term investment. The 9,032 BTC count excludes 267 BTC held for operating purposes and excludes all Bitcoin legally owned by Cash App customers and trading partners.

Strategic intent

Block holds Bitcoin for long-term investment purposes while also operating Bitcoin-related products through Cash App, Bitkey, and other businesses. The long-term investment balance is separated from Bitcoin held briefly to facilitate customer transactions.

Bitcoin Treasury

BTC counted in directory9,032 BTC

Estimated value$574,931,960BTC price retrieved: July 28, 2026 at 19:51 UTC

Holdings as ofMarch 31, 2026

Average purchase price$33,791

Ownership and Restrictions

Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.

Total BTC reported9,032

Unencumbered / unrestrictedNot separately disclosed

Pledged as collateral0

Loaned to third parties0

Subsidiary-owned0

Other restricted / receivableNot separately disclosed

Latest Financial Results

Reporting period: Three months ended March 31, 2026

Revenue$6,056,847,000

Operating income/loss$-171,990,000

Net income/loss$-308,681,000

Cash$6,858,357,000

Management

Chief executive officer: Jack Dorsey (Block Head)
Chief financial officer: Amrita Ahuja
Executive chair: Jack Dorsey (Chairperson)

Research Notes

Block reported 9,032 BTC held for long-term investment as of March 31, 2026, with a cost basis of approximately $305.2 million and fair value of approximately $617.3 million. The implied average acquisition cost was about $33,791 per BTC. The company separately held 267 BTC for operating purposes to facilitate Cash App customer purchases and sales; those operating coins are excluded because they are generally purchased and sold within a day. Bitcoin held for customers and trading partners is also excluded because those parties retain legal ownership. Block states that customer Bitcoin is not used as collateral and is not lent or pledged by the company. For Q1 2026, Block reported $6.057 billion in total net revenue, a $172.0 million operating loss, and a $308.7 million net loss attributable to common stockholders.