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▲ Bitcoin (BTC)/AI generated image
Fintech company Block, led by Jack Dorsey, has taken the reliability of the virtual asset market a step further by disclosing its large-scale Bitcoin (BTC) holdings to strengthen the transparency of its corporate financial structure.
According to a report by cryptocurrency media outlet Cointelegraph on April 28 (local time), Block officially confirmed its total holdings of 28,355 BTC by publishing its Q1 2026 Proof of Reserves (PoR) report. This report was prepared to demonstrate that Block transparently manages not only its corporate assets but also the assets of Cash App and Square users. Block's total Bitcoin holdings are valued at approximately $2.19845 billion based on current market prices, which is considered a unique level of transparency among listed companies.
The Proof of Reserves report was prepared by utilizing cryptographic technology and third-party audits to verify that the company's reported liabilities match its actual assets held. Looking at the details, 8,997.89 BTC are deposited in Block's corporate financial accounts, and the amount owned by Cash App and Square users is tallied at 19,357.16 BTC. Block has established a verification system through snapshot data, allowing customers to check at any time that their assets are securely stored, thereby setting a new standard for the exchange-centric market environment.
In addition to enhancing transparency, Block is also accelerating hardware innovation to expand the virtual asset ecosystem. The company has introduced a new generation Bitkey hardware wallet equipped with a secure screen, offering the convenience of safely inheriting or managing assets without a seed phrase. Furthermore, it has maximized real-world usability by adding features that allow Cash App users to automatically convert deposited cash into Bitcoin or receive 5% Bitcoin cashback when making payments.
Experts analyze that Block's move directly addresses the custody risks and information asymmetry issues that institutional investors are most concerned about when entering the virtual asset market. While large corporations like MicroStrategy and Tesla also hold Bitcoin, Block's public disclosure of verifiable data through Proof of Reserves demonstrates its pioneering position. Market participants see this transparent disclosure as a crucial milestone in establishing Bitcoin as a legitimate institutional asset beyond a mere speculative object.
Amid Bitcoin price fluctuations around the $77,000 mark, Block's disclosure of its large-scale accumulation status has had the effect of solidifying the market's psychological support level. Block plans to continue strengthening its Bitcoin-centric financial structure by maintaining a Dollar-Cost Averaging (DCA) strategy, reinvesting 10% of its Bitcoin-related profits into asset purchases. The virtual asset industry is watching whether the transparency model proposed by Block will spread to other listed companies, acting as a catalyst to boost overall industry trust.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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