Block Says It Holds 28,355 Bitcoin Worth About $2.2 Billion

Block Inc. disclosed its Bitcoin holdings for the first quarter, detailing the size and makeup of those assets.

The company held 28,355 Bitcoin as of the end of March 2026, according to a report published by crypto news outlet The Block on April 28. The holdings were valued at about $2.2 billion.

Of the total, about 19,357 Bitcoin worth roughly $1.5 billion were held as customer assets. Another 8,997 Bitcoin, valued at about $692.3 million, were held by the company.

The total includes Bitcoin held in Block’s corporate treasury and through Square and Cash App. The report was published after verification by an external audit firm.

Block said it built a proof-of-reserves system based on on-chain signatures, allowing anyone to verify whether the assets are held. Customers should be able to verify the existence of assets directly rather than rely on trust, the company said, adding that proof of reserves can show not just a historical record but also that the assets remain under control.

Proof of reserves spread as a tool to strengthen transparency at crypto firms after the collapse of FTX in 2022. Some remain skeptical, however, citing security risks.

Block is scheduled to report first-quarter earnings on May 7. The company posted net income of $115.7 million in the fourth quarter of 2025, a sharp decline from a year earlier. Its shares have risen about 24.9% over the past month, but fell 0.49% to close at $71.28 on the New York Stock Exchange on April 28.