Jack Dorsey’s Block Inc., the fintech firm behind Sq. and Money App, has revealed its first-quarter proof-of-reserves report disclosing whole bitcoin holdings of 28,355 BTC, price roughly $2.2 billion as of the tip of March 2026.
Breaking down the holdings
Of the overall, about 19,357 BTC — valued at roughly $1.5 billion — have been held on behalf of shoppers, whereas company holdings got here to eight,997 BTC, price round $692.3 million.
The report was confirmed by third-party auditors and covers belongings held throughout Block’s company treasury, Sq., and Money App.
Block acknowledged in its announcement:
“[People] shouldn’t should belief that their bitcoin is there, they need to be capable of confirm it. Utilizing on-chain signatures, anybody can independently affirm Block’s holdings. Reserves are actively managed, not simply traditionally noticed.”
Proof-of-reserves debate
Many crypto companies adopted proof-of-reserves measures following the FTX collapse as a method to reveal on-chain holdings and enhance transparency.
Not everybody agrees with the method, nonetheless.
Technique’s Michael Saylor argued in Could 2025 that publishing on-chain proof-of-reserves is a “unhealthy concept” that would pose safety threats to an organization.
Earnings and inventory efficiency
Block is predicted to launch its full Q1 2026 earnings on Could 7.
In This fall 2025, the corporate reported web revenue of $115.7 million, down sharply from $1.9 billion in the identical interval of 2024.
Block’s NYSE-listed shares closed 0.49% decrease at $71.28 on Monday, although they remained up 24.9% over the prior month.